BTBT Should I Buy
-
$
0.000
0.000(0.000%)
At close0.000(0.000%)Aft-market
ET
Loading...
Bit Digital Inc (BTBT) is not a strong buy at the moment given the user's long-term investment strategy and beginner level. The technical indicators are bearish, financial performance shows significant declines in key metrics, and there are no strong positive catalysts or trading signals to support immediate action. Holding or exploring other opportunities may be more prudent.
The technical indicators for BTBT are bearish. The MACD histogram is negative and contracting, RSI is neutral at 35.773, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading below its pivot level of 1.796, with key support at 1.564 and resistance at 2.029. Overall, the trend suggests weakness.
Bit Digital holds a significant amount of Ethereum ($380.2 million as of January 2026), with a focus on staking for yield generation. This could provide long-term growth potential if managed effectively.
The company's Q3 financial performance shows a sharp decline in net income (-488.92% YoY), EPS (-280.77% YoY), and gross margin (-742.57% YoY). Additionally, the stock has a bearish technical setup, and there are no recent significant insider or hedge fund trading trends.
In Q3 2025, revenue increased by 33.39% YoY to $30.46 million. However, net income dropped by -488.92% YoY to $150.88 million, EPS fell by -280.77% YoY to 0.47, and gross margin declined by -742.57% YoY to 28.53. This indicates a mixed but overall negative financial performance.
Northland recently lowered the price target for BTBT from $6 to $5 while maintaining an Outperform rating. The adjustment reflects the impact of a $146M mark-to-market gain on digital assets, which affected adjusted EBITDA. Analysts remain cautiously optimistic but have tempered expectations.
