tBTC (TBTC) is currently priced at $83,789, reflecting a significant 24-hour decline of 8.37%. The daily price action shows a range between $83,567 and $91,555, indicating heightened volatility, while the trading volume stands at $17,390,576, which represents 3.33% of the market cap.

Technical indicators suggest bearish momentum, with the 1-hour RSI plummeting to 11, indicating oversold conditions. The short-term moving averages, particularly the 8 SMA and 13 SMA, are currently below the longer-term averages, which reflects a downward trend in price over the past days.

The 7-day RSI at 47 suggests that TBTC is approaching neutral territory, but the negative price changes over the last 14 and 30 days—10.72% and 23.79%, respectively—indicate a persistent bearish trend. The price is significantly below the all-time high of $125,646, reached in October 2025, which adds to the bearish sentiment as the cryptocurrency struggles to regain lost ground.

Given the current price action, extreme oversold RSI levels, and the bearish trend indicated by moving averages, the market sentiment appears to be negative. While there may be potential for a short-term bounce due to oversold conditions, the overall trend remains weak, and resistance levels are far above the current price.

Considering these factors, the recommendation for tBTC is a Sell rating. The continued downtrend, poor RSI levels, and inability to hold key support suggest further declines may be imminent. A cautious approach is warranted until a clear reversal signal emerges.