BIT DIGITAL INC (BTBT) Stock Technical Analysis
USA - NASDAQ:BTBT - KYG1144A1058 - Common Stock
Overall BTBT gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BTBT is showing a nice and steady performance.
BTBT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 3.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BTBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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2.40
We found 4 important support areas.
- A support zone ranging from 3.58 to 3.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.91 from a trend line in the weekly time frame.
- Support @2.86 from a trend line in the daily time frame.
- Support @2.42 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.00 from a horizontal line in the weekly 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 | 84.28 | POSITIVE | BTBT has a high relative strength, it outperformed 84.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BTBT is below 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) | UP | POSITIVE | The current price of BTBT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.73 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BTBT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.48 | NEUTRAL | The Stochastics value for BTBT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.86 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 35.79 | POSITIVE | The high ADX value value for BTBT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.01 | 3.57 | 0.44 (10.97%) | 9.11% |
| An entry @4.01. This is a Buy Stop order right above the resistance zone. | An exit @3.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.44 points, which is 10.97%. | For a 1.00% total portfolio risk, you can invest 9.11% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of BTBT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:BTBT (10/28/2025, 3:58:07 PM)
3.765
-0.23 (-5.64%)
BIT DIGITAL INC / BTBT FAQ
What is the technical rating for BTBT stock?
ChartMill assigns a technical rating of 9 / 10 to BTBT.
Can you provide the trend direction for BIT DIGITAL INC?
The current trend direction for BIT DIGITAL INC (BTBT) is Bullish.
What is the RSI signal for BTBT stock?
BIT DIGITAL INC (BTBT) has an RSI value of 57.7289. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BIT DIGITAL INC?
The MACD indicator for BIT DIGITAL INC (BTBT) has a value of -0.0259199, indicating a bearish trend.
What is the support and resistance level for BTBT stock?
BIT DIGITAL INC (BTBT) has a support level at 3.64 and a resistance level at 4. Check the full technical report for our detailed analysis of BTBT support and resistance levels.