tBTC is currently trading at $86,248, experiencing a slight decline of 0.60% over the last 24 hours. The daily price range has been between $85,216 and $87,871, indicating moderate volatility with a total trading volume of approximately $21.5 million, reflecting a 3.99% volume-to-market cap ratio.

Technical indicators suggest bearish momentum, as the 1-hour RSI is at 40, indicating the asset is nearing oversold territory. The 7-day RSI at 45 also suggests weak momentum, while the 14-day and 30-day price changes of -17.40% and -22.47%, respectively, confirm a downward trend over the past month.

Short-term moving averages (SMA) show a bearish sentiment, with the 8 SMA at $86,373.03 and the 13 SMA at $86,508.38 both declining. The 55 SMA at $85,613.57 shows a positive change of +0.74%, indicating potential support, but the 144 SMA at $87,522.04 is trending negatively, which could signal resistance in the near term.

Despite the recent declines, the price is still significantly below its all-time high of $125,646 reached on October 6, 2025. This substantial gap suggests that there could be potential for recovery in the long term if market conditions improve and buying interest returns.

Based on the current data, the recommendation is to Hold tBTC. The bearish trend in both technical indicators and price action suggests caution, but the proximity to support levels and potential for recovery warrants holding rather than selling at this moment.