tBTC (TBTC) is currently trading at $87,171, reflecting a 1.79% increase over the past 24 hours. The price has fluctuated between a high of $89,006 and a low of $85,216, indicating a daily range of approximately 4.34%, with a trading volume of $19,193,755, translating to a volume/market cap ratio of 3.53%.

The hourly moving averages suggest a bearish short-term trend, with the 8 SMA at $87,849.47 and the 13 SMA at $87,928.44 both showing slight declines. However, the 21 SMA and 55 SMA display modest gains, which may indicate some underlying support around $86,665.68 and $86,916.27.

The RSI metrics reveal a mixed sentiment; the 1-hour RSI stands at 56, indicating slight bullish momentum, while the 7-day RSI at 47 suggests the asset is nearing oversold territory. Additionally, the 7-day price change of -4.77%, alongside a 14-day and 30-day decline of 16.74% and 22.30%, respectively, highlights a significant bearish trend over recent weeks.

Given the substantial drop from the all-time high of $125,646 recorded in October 2025, tBTC has not yet established a strong recovery trajectory. This decline, coupled with the recent bearish indicators in both the short and medium term, raises caution among investors.

Considering the current technical setup, tBTC appears to be in a consolidation phase with potential for further downside if it breaks below key support levels. As such, the recommendation for tBTC is a Hold, as market conditions warrant cautious observation before making any aggressive buying decisions.