BIT DIGITAL INC (BTBT) Stock Technical Analysis
NASDAQ:BTBT - Nasdaq - KYG1144A1058 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to BTBT. Both in the recent history as in the last year, BTBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
BTBT is part of the Software industry. There are 282 other stocks in this industry. BTBT outperforms 74% of them.
BTBT has an average volume of 30660000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BTBT did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
BTBT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BTBT is lagging the market.
In the last month BTBT has a been trading in the 1.88 - 4.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although BTBT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
2.02
3.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 3.28 to 3.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.08 from a trend line in the weekly time frame.
- Support @2.04 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @3.34 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 3.70 to 3.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BTBT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BTBT is up. |
| ChartMill Relative Strength | 87.59 | POSITIVE | BTBT has a high relative strength, it outperformed 87.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BTBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BTBT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of BTBT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.28 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BTBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.29 | NEUTRAL | The Stochastics value for BTBT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.95 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.5 | POSITIVE | The high ADX value value for BTBT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:BTBT (7/15/2025, 3:16:10 PM)
3.335
+0.04 (+1.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.37%
1 Week-5.46%
2 Weeks63.68%
1 Month26.54%
3 Month84.83%
6 Month-10.6%
12 Month-15.42%
2 Year-25.73%
3 Year136.69%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.4
ATR(20)%9.95%
ATR Inc20.25%
Range Today0.3
ADR(20)0.28
ADR(20)%8.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.59
Mansfield-0.03
10 Day High4.3
10 Day Low1.99
20 Day High4.3
20 Day Low1.88
52 Week High5.74
52 Week Low1.69
CS1 End3.28
CR1 Start3.34
Volume & EV
DER(3)-4.32%
DER(5)-3.9%
Volume45.05M
Volume Incr96.53%
Vol(5)74.94M
Vol(50)30.66M