tBTC (TBTC) is currently trading at $89,147, reflecting a slight decrease of -0.15693% over the past 24 hours. The asset has experienced a daily range between $88,821 and $89,779, indicating volatility, but the high volume of $4,971,275 suggests active trading participation.

The hourly moving averages show a slight downward trend with the 8, 13, and 21 SMA all reporting losses of approximately -0.17% to -0.20%. The 144 SMA, however, is more pronounced at -1.25%, indicating bearish sentiment over a longer timeframe, which could signal potential downward pressure on the price.

Momentum indicators reveal a 1-hour RSI of 40 and a 7-day RSI of 43, both suggesting the asset is nearing oversold conditions. The 7-day price change of -6.29% coupled with a 14-day price change of -1.26% reflects a short-term bearish outlook, although the 30-day price change of +2.09% suggests some resilience in the medium term.

The asset’s all-time high of $125,646 reached in October 2025 remains significantly above current levels, presenting a long-term recovery potential. However, the current market sentiment and technical indicators point towards weakness, with the price remaining well below key moving averages.

Given the current technical setup, with multiple moving averages indicating bearish trends and momentum indicators suggesting oversold conditions, the recommendation for tBTC is to Hold. This strategy allows for observation of market developments and potential signs of recovery without committing further capital in a downtrend.