Should You Buy Bit Digital Inc (BTBT) Today? Analysis, Price Targets, and 2026 Outlook.
Conclusion
Hold
Latest Price
2.160
1 Day change
-2.70%
52 Week Range
4.550
Analysis Updated At
2026/01/28
BTBT is not a good buy right now for a Beginner, long-term investor who is impatient for an entry. The stock is still in a broader downtrend (bearish moving averages), recent pattern stats lean negative over the next week/month, and the latest quarter shows weakening profitability/margins despite revenue growth. Options sentiment is bullish (call-heavy), but that’s more consistent with short-term speculative positioning than a stable long-term entry at this moment.
Technical Analysis
Trend/structure: Bearish overall. Moving averages are stacked negatively (SMA_200 > SMA_20 > SMA_5), which typically signals a continuing downtrend and weak longer-term momentum.
Momentum: Slight improvement only. MACD histogram is just above zero (0.00279) and expanding, hinting at a potential short-term stabilization/early bounce, but it’s not strong enough to override the bearish MA structure. RSI(6) at ~49 is neutral—no oversold “easy bounce” condition.
Levels: Pivot 2.231 is immediate overhead; price (2.20) is slightly below it. Near supports: S1 2.066 then S2 1.965. Resistances: 2.395 (R1) then 2.496 (R2). For a cleaner technical buy, you’d typically want to reclaim and hold above ~2.23 and then push toward 2.40 with follow-through.
Short-horizon edge from provided pattern stats: Similar-candlestick analysis implies a modest bearish bias (-2.92% next week; -2.24% next month).
**Intellectia Proprietary Trading Signals**
- [AI Stock Picker](module://ai_stock_pick): No signal on given stock today.
- [SwingMax](module://swingmax): No signal on given stock recently.
Options Data
Bullish
Open Interest Put-Call Ratio
Bullish
Option Volume Put-Call Ratio
Sentiment: Strongly call-skewed (very low put/call ratios), indicating bullish/speculative positioning.
Volatility: Very high (30D IV ~105%; historical vol ~96.7%). IV percentile ~45 and IV rank ~22.9 suggest IV is elevated in absolute terms but not extreme versus its own history.
Flow/participation: Today’s option volume (~24.8k) is below the 30-day average (~72% of avg), so the bullish skew is present but not accompanied by unusually heavy activity today.
Takeaway: Options market leans bullish, but with high volatility and without a volume surge, it looks more like ongoing speculative bias than a decisive “risk-on” inflection.
Technical Summary
Sell
9
Buy
1
Positive Catalysts
Crypto-market tailwinds in the news flow: (1) BitGo IPO debut showing demand for crypto infrastructure, (2) NYSE exploring tokenized securities/24-7 trading narrative, (3) large BTC accumulation by Strategy supporting broader crypto sentiment. These can indirectly lift crypto-linked equities like BTBT if crypto prices and risk appetite rise.
No notable political/congress buying signals: Congress trading data shows none in last 90 days.
Financial Performance
Latest reported quarter: 2025/Q3.
Revenue: $30.46M, up +33.39% YoY (solid top-line growth).
Profitability quality weakened: Net income $150.88M down -488.92% YoY; EPS $0.47 down -280.77% YoY; gross margin 28.53 down sharply YoY. This combination signals earnings/margins are volatile and less dependable even while revenue grows (a negative for a beginner-focused long-term entry).
Growth
Profitability
Efficiency
Analyst Ratings and Price Target Trends
Recent change: On 2025-11-17, Northland kept an Outperform rating but lowered the price target from $6 to $5 after Q3, citing adjusted EBITDA impact tied to mark-to-market dynamics.
Wall Street-style pros: Maintained bullish rating and target still well above the current price ($2.20), implying perceived upside.
Cons: Target cut after results signals tempered confidence and highlights earnings sensitivity/volatility (especially tied to digital-asset accounting and profitability swings).
Wall Street analysts forecast BTBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTBT is 5.63 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
Wall Street analysts forecast BTBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BTBT is 5.63 USD with a low forecast of 4 USD and a high forecast of 7 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 2.220
Low
4
Averages
5.63
High
7
Current: 2.220
Low
4
Averages
5.63
High
7
Northland
Outperform -> NULL
downgrade
$6 -> $5
AI Analysis
2025-11-17
Reason
Northland
Price Target
$6 -> $5
AI Analysis
2025-11-17
downgrade
Outperform -> NULL
Reason
Northland lowered the firm's price target on Bit Digital to $5 from $6 and keeps an Outperform rating on the shares following the company's Q3 report, noting that adjusted EBITDA was impacted by a $146M mark-to-market gain on digital assets.
