tBTC (TBTC) is currently priced at $102,695, showing a 24-hour decline of 2.68%. The daily trading range has been significant, with a high of $107,264 and a low of $102,799, indicating volatility in the current market.

The trading volume over the last 24 hours is $14,757,698, representing a volume-to-market cap ratio of 2.41%, which suggests moderate market activity. The short-term moving averages are all trending downward, with the 8 SMA at $104,805 and the 13 SMA at $105,211, indicating bearish momentum.

Momentum indicators show an hourly RSI of 25, which is in the oversold territory and may suggest a potential short-term reversal. However, the 7-day RSI at 49 indicates a neutral position, while the longer-term 14-day and 30-day price changes are negative, showing weakness in the trend.

With the recent performance displaying a 14-day price drop of over 10%, it reflects a bearish sentiment in the market. The all-time high of $125,646 from October 6, 2025, shows a considerable distance from the current price, indicating potential resistance levels ahead.

Given the current technical indicators and the bearish trend, a cautious approach is warranted. The combination of downward moving averages, low RSI readings, and significant recent price declines suggests that the market may continue to face pressure.

Rating: Sell. The analysis indicates that the bearish trend is likely to persist in the short term, and potential recovery may take time.