tBTC (TBTC) is currently priced at $87,292, reflecting a slight decline of 0.30% over the past 24 hours. The cryptocurrency has experienced a daily high of $89,032 and a low of $86,333, indicating a daily trading range of $2,699.

The trading volume over the last 24 hours stands at approximately $15.28 million, contributing to a volume-to-market cap ratio of 2.89%. This relatively low volume indicates a subdued interest from traders, which can contribute to price volatility in the short term.

Analyzing the moving averages, the 8-hour SMA is at $87,222.79 with a slight upward trend of 0.08%. In contrast, the longer-term SMAs show declines, particularly the 21 SMA at $87,873.58 and the 144 SMA at $87,835.94, suggesting a bearish momentum in the medium to long term.

The 1-hour RSI is at 40, indicating that TBTC is nearing oversold territory, while the 7-day RSI at 49 shows neutrality but lacks strength for a bullish reversal. The price changes over the last 7, 14, and 30 days are all negative, with the most significant drop being 3.27% over the past month.

Given that TBTC is currently trading significantly below its all-time high of $125,646, there is room for recovery, but current market conditions suggest caution. With the bearish trends observed in the moving averages and RSI indicators, along with declining price momentum, it is advisable to hold TBTC at this time rather than initiate new positions.

Rating: Hold. The bearish signals and low trading volume imply a lack of immediate upward momentum, suggesting that waiting for clearer bullish indicators is prudent.