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.
Although the technical rating is bad, BTBT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price.
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1.94
3 important support areas can be observed.
- Support @2.14 from a trend line in the weekly time frame.
- Support @2.08 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.96 to 1.99. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @2.47 from a horizontal line in the daily time frame.
- Resistance @3.72 from a trend line in the weekly time frame.
- Resistance @3.84 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 | DOWN | NEGATIVE | The long term trend for BTBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BTBT is down. |
| ChartMill Relative Strength | 11.58 | NEGATIVE | BTBT has a low relative strength, it was outperformed by 88.42% 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) | DOWN | NEGATIVE | The current price of BTBT is below a declining 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) | 44.12 | NEUTRAL | The RSI value for BTBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests BTBT has a positive trend. |
| Stochastics (14,3) | 38.36 | NEUTRAL | The Stochastics value for BTBT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.35 | HIGH VOLATILITY | The high ATR as a percentage value for BTBT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.41 | NEUTRAL | The ADX value for BTBT suggests a possible start of a new trend. |
2.21
-0.02 (-0.9%)
BIT DIGITAL INC / BTBT FAQ
What is the technical rating for BTBT stock?
ChartMill assigns a technical rating of 1 / 10 to BTBT.
Can you provide the trend direction for BIT DIGITAL INC?
The current trend direction for BIT DIGITAL INC (BTBT) is Bearish.
What is the RSI signal for BTBT stock?
BIT DIGITAL INC (BTBT) has an RSI value of 44.1244. 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 0.0292026, indicating a bearish trend.
What is the support and resistance level for BTBT stock?
BIT DIGITAL INC (BTBT) has a support level at 2.14 and a resistance level at 2.47. Check the full technical report for our detailed analysis of BTBT support and resistance levels.