As this happened, Craig Hallum initiated its Bit Digital Inc [BTBT] rating to a Buy in a research note published on January 21, 2025; the price target was $6. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating. Northland Capital began covering BTBT with “an Outperform” recommendation on February 13, 2024. H.C. Wainwright started covering the stock on September 23, 2021. It rated BTBT as “a Buy”.
Price Performance Review of BTBT
On Tuesday, Bit Digital Inc [NASDAQ:BTBT] saw its stock fall -6.23% to $2.41. Over the last five days, the stock has lost -19.13%. Bit Digital Inc shares have fallen nearly -17.75% since the year began. Nevertheless, the stocks have fallen -12.36% over the past one year. While a 52-week high of $5.74 was reached on 01/06/25, a 52-week low of $1.76 was recorded on 02/25/25. SMA at 50 days reached $3.35, while 200 days put it at $3.38.
Levels Of Support And Resistance For BTBT Stock
The 24-hour chart illustrates a support level at 2.33, which if violated will result in even more drops to 2.24. On the upside, there is a resistance level at 2.50. A further resistance level may holdings at 2.58. The Relative Strength Index (RSI) on the 14-day chart is 28.57, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.96%. Stochastics %K at 11.94% indicates the stock is a buying.
