RSI low/high Values: [ 25 - 80 ]
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AI Analysis of BTBT
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Big movements in Bit Digital Inc stock price on Thursday moving 17.00% between high and low
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Bit Digital Inc stock price gained 14.80% on the last trading day (Thursday, 28th Mar 2024), rising from $2.50 to $2.87. During the last trading day the stock fluctuated 17.00% from a day low at $2.53 to a day high of $2.96. The price has risen in 6 of the last 10 days and is up by 36.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 17 million shares were bought and sold for approximately $48.59 million.

The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $2.84, a level that may pose a second chance to hit a runner. According to fan-theory $3.93 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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BTBT Signals & Forecast

Mostly positive signals in the chart today. The Bit Digital Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.51 and $2.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 36.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Bit Digital Inc stock

Bit Digital Inc finds support from accumulated volume at $2.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.430 between high and low, or 17.00%. For the last week, the stock has had daily average volatility of 10.54%.

Our recommended stop-loss: $2.76 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (BTBT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Bit Digital Inc to open at $2.79, and during the day (based on 14 day Average True Range), to move between $2.61 and $3.13, which gives a possible trading interval of +/-$0.264 (+/-9.20%) up or down from last closing price. If Bit Digital Inc takes out the full calculated possible swing range there will be an estimated 18.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.79 (2.79%) than the resistance at $3.10 (8.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bit Digital Inc stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.857 Buy Candidate Upgraded

Predicted Opening Price for Bit Digital Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.79 ( 2.90%) $2.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BTBT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.22 12.08 %
R2 3.05 6.36 %
R1 2.95 2.82 %
Current price: 2.87
Support S1 2.62 -8.63 %
S2 2.52 -12.17 %
S3 2.36 -17.89 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.16 10.10 %
R2 3.14 9.41 %
R1 3.10 8.01 %
Current price 2.87
Support S1 2.79 -2.79%
S2 2.56 -10.80%
S3 2.53 -11.85%

FAQ

What is the symbol for Bit Digital Inc Stock and on which exchange is it traded?
The symbol for Bit Digital Inc is BTBT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Bit Digital Inc Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Bit Digital Inc Stock?
Bit Digital Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bit Digital Inc Stock.

What's the current price of Bit Digital Inc Stock?
As of the end of day on the 2024-03-28, the price of an Bit Digital Inc (BTBT) share was $2.87.

What is the 52-week high and low for Bit Digital Inc Stock?
The 52-week high for Bit Digital Inc Stock is $5.27 and the 52-week low is $1.36.

What is the market capitalization of Bit Digital Inc Stock?
As of the 2024-03-28, the market capitalization of Bit Digital Inc is 295.308M.

When is the next earnings date for Bit Digital Inc?
The upcoming earnings date for Bit Digital Inc is Jun 10, 2024.
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About Bit Digital Inc

Bit Digital Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.... BTBT Profile

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