Bit Digital Inc (BTBT) Stock: What Does the Chart Say Wednesday?

Overall market sentiment has been high on Bit Digital Inc (BTBT) stock lately. BTBT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Bit Digital Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on BTBT!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With BTBT Stock Today?

Bit Digital Inc (BTBT) stock is unmoved 0% while the S&P 500 has gained 0.58% as of 4:00 PM on Tuesday, Nov 28. BTBT is flat $0.00 from the previous closing price of $2.56 on volume of 107,583 shares. Over the past year the S&P 500 has risen 15.58% while BTBT has gained 194.25%. BTBT lost -$0.90 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Bit Digital Inc click here.

More About Bit Digital Inc

Bit Digital Inc is engaged in the bitcoin mining business. Its mining platform operates with the primary intent of accumulating bitcoin which may sell for fiat currency from time to time depending on market conditions. It generates revenue from cryptocurrency mining. Click Here to get the full Stock Report for Bit Digital Inc stock.