tBTC (TBTC) is currently trading at $87,002, reflecting a slight decline of 0.78% over the last 24 hours. The trading range within this period has been between $85,776 and $88,382, indicating a volatility of 2.99%, with a daily volume of approximately $13.25 million, equating to a volume-to-market cap ratio of 2.43%.

The moving averages present a mixed technical picture; the 8 and 13 SMA are showing slight upward trends at +0.02% and +0.07%, respectively, while the longer-term averages (21 SMA and 55 SMA) are experiencing slight declines. The 144 SMA indicates a stronger upward movement at +0.60%, suggesting potential support around $86,483, although the overall trend remains bearish given the downward momentum over the past 7, 14, and 30 days.

Both the 1-hour RSI at 48 and the 7-day RSI at 46 indicate that TBTC is nearing neutral territory, suggesting a lack of strong buying or selling pressure at this time. The recent price changes reflect a bearish trend, with declines of -6.34%, -14.86%, and -24.03% over the past week, two weeks, and month, respectively, underscoring the asset's current weakness.

In terms of price action, the asset is significantly below its all-time high of $125,646, set in October 2025, which illustrates the long-term challenges TBTC is facing. The combination of the recent price movements, technical indicators, and overall market sentiment points towards continued bearish pressure in the short to medium term.

Given the current technical indicators and price action, a Hold rating is advised. While there is potential for a short-term rebound given the support levels around the 144 SMA, the overall bearish trend and declining momentum suggest caution before committing to a buy.