BIT DIGITAL INC (BTBT) Stock Technical Analysis
NASDAQ:BTBT - KYG1144A1058 - Common Stock
2.577 USD
-0.03 (-1.26%)
Overall BTBT gets a technical rating of 1 out of 10. BTBT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, BTBT is a bad performer in the overall market: 78% of all stocks are doing better.
BTBT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month BTBT has a been trading in the 2.60 - 3.64 range, which is quite wide. It is currently trading near the lows of this range.
BTBT has an average volume of 44116700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
BTBT is part of the Software industry. There are 282 other stocks in this industry, BTBT did better than 40% of them.
Considerably lower volume is observed in the last couple of days.
The technical rating of BTBT is bad and it also does not present a quality setup 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
2.19
3.87
When analyzing the support we notice one important area.
- A support zone ranging from 2.21 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 2.60 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 2.79 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.65 from a trend line in the weekly time frame.
- Resistance @3.83 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for BTBT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTBT is down. |
| ChartMill Relative Strength | 22.6 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 77.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BTBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BTBT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BTBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.3 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests BTBT has a negative trend. |
| Stochastics (14,3) | 14.42 | OVERSOLD | The low Stochastics value suggests BTBT may be oversold. |
| Average True Range in percent/ATR (20) | 9 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.66 | NEGATIVE | The low ADX value for BTBT suggests a weak or negative 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 (8/29/2025, 2:48:08 PM)
2.577
-0.03 (-1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.26%
1 Week-4.04%
2 Weeks-18.18%
1 Month-10.31%
3 Month10.59%
6 Month6.1%
12 Month-18.94%
2 Year11.06%
3 Year76.35%
5 Year-47.48%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%9%
ATR Inc-41.41%
Range Today0.16
ADR(20)0.22
ADR(20)%8.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.6
Mansfield-2.16
10 Day High3.16
10 Day Low2.6
20 Day High3.64
20 Day Low2.6
52 Week High5.74
52 Week Low1.69
CS1 End2.22
CR1 Start2.79
Volume & EV
DER(3)0.48%
DER(5)0.38%
Volume15.95M
Volume Incr-41.02%
Vol(5)18.61M
Vol(50)44.12M