Bit Digital Stock Forward View - Simple Moving Average
| BTBT Stock | USD 2.03 0.08 3.79% |
Bit Stock outlook is based on your current time horizon.
At this time, the relative strength indicator of Bit Digital's share price is approaching 39 suggesting that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Bit Digital, making its price go up or down. Momentum 39
Sell Extended
Oversold | Overbought |
EPS Estimate Current Year 0.41 | Wall Street Target Price 5.125 | Quarterly Revenue Growth 0.322 |
Using Bit Digital hype-based prediction, you can estimate the value of Bit Digital from the perspective of Bit Digital response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Bit Digital using Bit Digital's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Bit using crowd psychology based on the activity and movement of Bit Digital's stock price.
Bit Digital Short Interest
An investor who is long Bit Digital may also wish to track short interest. As short interest increases, investors should be becoming more worried about Bit Digital and may potentially protect profits, hedge Bit Digital with its derivative instruments, or be ready for some potential downside.
200 Day MA 2.7004 | Short Percent 0.1979 | Short Ratio 1.99 | Shares Short Prior Month 63.1 M | 50 Day MA 2.2054 |
Bit Relative Strength Index
The Simple Moving Average forecasted value of Bit Digital on the next trading day is expected to be 2.03 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.17.Bit Digital Hype to Price Pattern
Investor biases related to Bit Digital's public news can be used to forecast risks associated with an investment in Bit. The trend in average sentiment can be used to explain how an investor holding Bit can time the market purely based on public headlines and social activities around Bit Digital. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of Bit Digital's market sentiment to its price can help taders to make decisions based on the overall investors consensus about Bit Digital.
Bit Digital Implied Volatility | 1.25 |
Bit Digital's implied volatility exposes the market's sentiment of Bit Digital stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Bit Digital's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Bit Digital stock will not fluctuate a lot when Bit Digital's options are near their expiration.
The Simple Moving Average forecasted value of Bit Digital on the next trading day is expected to be 2.03 with a mean absolute deviation of 0.10 and the sum of the absolute errors of 6.17. Bit Digital after-hype prediction price | USD 2.04 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Bit Digital to cross-verify your projections. Prediction based on Rule 16 of the current Bit contract
Based on the Rule 16, the options market is currently suggesting that Bit Digital will have an average daily up or down price movement of about 0.0781% per day over the life of the 2026-03-20 option contract. With Bit Digital trading at USD 2.03, that is roughly USD 0.001586 . If you think that the market is fully incorporating Bit Digital's daily price movement you should consider acquiring Bit Digital options at the current volatility level of 1.25%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Bit Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Bit Digital's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Bit Digital's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Bit Digital stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Bit Digital's open interest, investors have to compare it to Bit Digital's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Bit Digital is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Bit. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Bit Digital Additional Predictive Modules
Most predictive techniques to examine Bit price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Bit using various technical indicators. When you analyze Bit charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Bit Digital Simple Moving Average Price Forecast For the 1st of February
Given 90 days horizon, the Simple Moving Average forecasted value of Bit Digital on the next trading day is expected to be 2.03 with a mean absolute deviation of 0.10, mean absolute percentage error of 0.02, and the sum of the absolute errors of 6.17.Please note that although there have been many attempts to predict Bit Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Bit Digital's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Bit Digital Stock Forecast Pattern
| Backtest Bit Digital | Bit Digital Price Prediction | Buy or Sell Advice |
Bit Digital Forecasted Value
In the context of forecasting Bit Digital's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Bit Digital's downside and upside margins for the forecasting period are 0.02 and 6.81, respectively. We have considered Bit Digital's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Bit Digital stock data series using in forecasting. Note that when a statistical model is used to represent Bit Digital stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 112.1576 |
| Bias | Arithmetic mean of the errors | 0.0308 |
| MAD | Mean absolute deviation | 0.1028 |
| MAPE | Mean absolute percentage error | 0.0453 |
| SAE | Sum of the absolute errors | 6.165 |
Predictive Modules for Bit Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Bit Digital. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Bit Digital After-Hype Price Density Analysis
As far as predicting the price of Bit Digital at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Bit Digital or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Bit Digital, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Bit Digital Estimiated After-Hype Price Volatility
In the context of predicting Bit Digital's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Bit Digital's historical news coverage. Bit Digital's after-hype downside and upside margins for the prediction period are 0.10 and 6.82, respectively. We have considered Bit Digital's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Bit Digital is very risky at this time. Analysis and calculation of next after-hype price of Bit Digital is based on 3 months time horizon.
Bit Digital Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Bit Digital is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Bit Digital backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Bit Digital, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.74 | 4.78 | 0.01 | 1.09 | 9 Events / Month | 7 Events / Month | In about 9 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
2.03 | 2.04 | 0.49 |
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Bit Digital Hype Timeline
Bit Digital is currently traded for 2.03. The entity has historical hype elasticity of 0.01, and average elasticity to hype of competition of 1.09. Bit is forecasted to increase in value after the next headline, with the price projected to jump to 2.04 or above. The average volatility of media hype impact on the company the price is over 100%. The price appreciation on the next news is projected to be 0.49%, whereas the daily expected return is currently at -0.74%. The volatility of related hype on Bit Digital is about 324.95%, with the expected price after the next announcement by competition of 3.12. The company reported the previous year's revenue of 163.76 M. Net Income was 28.31 M with profit before overhead, payroll, taxes, and interest of 52.03 M. Given the investment horizon of 90 days the next forecasted press release will be in about 9 days. Check out Historical Fundamental Analysis of Bit Digital to cross-verify your projections.Bit Digital Related Hype Analysis
Having access to credible news sources related to Bit Digital's direct competition is more important than ever and may enhance your ability to predict Bit Digital's future price movements. Getting to know how Bit Digital's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Bit Digital may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| MFH | Mercurity Fintech Holding | 0.52 | 8 per month | 0.00 | (0.13) | 17.84 | (21.67) | 46.71 | |
| MHLA | Maiden Holdings | 0.00 | 5 per month | 0.00 | (0.22) | 1.54 | (2.41) | 6.99 | |
| DFIN | Donnelley Financial Solutions | 2.67 | 27 per month | 0.00 | (0.03) | 3.99 | (3.64) | 14.00 | |
| GEMI | Gemini Space Station | (0.27) | 9 per month | 0.00 | (0.17) | 7.34 | (10.18) | 44.06 | |
| PSEC | Prospect Capital | (0.03) | 9 per month | 1.71 | 0.03 | 4.67 | (3.18) | 11.08 | |
| WAFD | Washington Federal | 0.25 | 8 per month | 1.46 | 0.07 | 3.19 | (2.74) | 7.68 | |
| BFC | Bank First National | 4.19 | 7 per month | 1.37 | 0.02 | 3.17 | (2.26) | 7.45 | |
| ABTC | American Bitcoin Corp | 0.07 | 13 per month | 0.00 | (0.26) | 9.13 | (7.85) | 44.88 | |
| VRTS | Virtus Investment Partners | 6.32 | 12 per month | 1.70 | (0.02) | 2.94 | (2.99) | 8.72 | |
| DCOM | Dime Community Bancshares | 0.99 | 7 per month | 1.32 | 0.13 | 3.51 | (2.56) | 11.73 |
Other Forecasting Options for Bit Digital
For every potential investor in Bit, whether a beginner or expert, Bit Digital's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Bit Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Bit. Basic forecasting techniques help filter out the noise by identifying Bit Digital's price trends.Bit Digital Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Bit Digital stock to make a market-neutral strategy. Peer analysis of Bit Digital could also be used in its relative valuation, which is a method of valuing Bit Digital by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Bit Digital Market Strength Events
Market strength indicators help investors to evaluate how Bit Digital stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Bit Digital shares will generate the highest return on investment. By undertsting and applying Bit Digital stock market strength indicators, traders can identify Bit Digital entry and exit signals to maximize returns.
Bit Digital Risk Indicators
The analysis of Bit Digital's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Bit Digital's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting bit stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 3.84 | |||
| Standard Deviation | 4.78 | |||
| Variance | 22.84 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Bit Digital
The number of cover stories for Bit Digital depends on current market conditions and Bit Digital's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Bit Digital is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Bit Digital's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Bit Digital Short Properties
Bit Digital's future price predictability will typically decrease when Bit Digital's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of Bit Digital often depends not only on the future outlook of the potential Bit Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Bit Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 141.5 M | |
| Cash And Short Term Investments | 98.2 M |
Additional Tools for Bit Stock Analysis
When running Bit Digital's price analysis, check to measure Bit Digital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bit Digital is operating at the current time. Most of Bit Digital's value examination focuses on studying past and present price action to predict the probability of Bit Digital's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bit Digital's price. Additionally, you may evaluate how the addition of Bit Digital to your portfolios can decrease your overall portfolio volatility.