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Bit Digital (BTBT) stock consensus forecasts for the month and 2024 - 2028.

Last update: 10/16/2024, 12:24 AM

Brief information about Bit Digital, Inc.

Ticker: BTBT

Sector: Technology

Closing price of the last trading day: $3.56

Last trading day: 10/15/2024

Analyst forecast price: $5.73

52-week high/low: $5.27 / $0.971

Shares of Bit Digital, Inc. are traded on the stock exchange under the ticker BTBT and belong to the "Technology" sector. The head office is currently located at: 136-20 38TH AVE., SUITE 9A-2, FLUSHING, NY, US. The market capitalization of Bit Digital is $235 045 000. At the same time, the number of shares in circulation is 90 758 000. The company's earnings before interest, taxes and depreciation for last year (called EBITDA) was -12 441 496$. The company has no profit and is unprofitable.

In addition to fundamental factors, stocks are influenced by many other factors. For example, it is worth monitoring all global forecasts for Bit Digital shares. Our service will help you with this, in which we collect all forecasts and build one consensus forecast from them.

Bit Digital stock forecast

For investing in Bit Digital stock, the investor is interested in the long-term outlook. We have collected for you all the forecasts of world analysts for the shares of this company and combined them into one consensus forecast for 2024, 2025, 2026, 2027, 2028?

After studying the forecasts, we can answer the questions:

How much will one share of Bit Digital cost in 2024, 2025, 2026, 2027, 2028?

What is the consensus analyst forecast for Bit Digital stock?

Should you buy Bit Digital stock short term or long term?

Should I sell Bit Digital shares in 2024 or wait?

Should I buy Bit Digital stock in 2024 or wait?

Where is the estimated entry/exit point in Bit Digital stock?

But remember, these forecasts are not investment ideas. You are fully responsible for the decisions you make.

How is a forecast made?

We collect public data about Bit Digital and analyst forecasts for Bit Digital stock. Next, the algorithms calculate a weighted average forecast, removing extreme values. As a result, at the output we get an updated forecast, as close as possible to reality.

Bit Digital daily forecast for a month

After collecting analysts' forecasts, we made one average daily forecast for Bit Digital shares for the next month. Short-term forecasts are characterized by rather low accuracy due to many factors influencing them. But let's see what we got.

Below on the page is a graph of the consensus forecast for Bit Digital stock for the next month. (30 days). The gray color on the chart shows the historical price of the stock. The turquoise color shows the price forecast with a possible range of fluctuations.

The maximum target price that Bit Digital shares will reach in the next 30 days is $4. This is the upper limit of the target price range. This represents upside potential of 12.47% from current levels.

In turn, the minimum value that the price can reach in 30 days is $2.99. From the current price, the drop will be 19.03%.

Thus, on the monthly timeframe, a channel is formed with a resistance level of $4 and a support level of $2.99. The width of this channel is $1.01. Accordingly, according to the theory of technical analysis, a downward breakdown of the channel will open the way to $2. If the resistance level is broken, then the road to $5 per share of Bit Digital will open.

What is the probability of exiting the channel up? Near the resistance level, the price of Bit Digital shares will be 5 days out of the entire period. Therefore, Bit Digital stock has a good chance of breaking through the resistance level in the next 30 days or in the next period. It is worth considering that if stocks break through the $4 resistance level and try to gain a foothold above it, then in the future they will most likely test this level from above and if the $4 mark holds, then this will be a new channel with new goals.

How about testing the strength of the support level? The price will stay near the support level for 1 days. Breaking through the resistance level is unlikely.

In addition, the real future price of one Bit Digital share can be both higher and lower than the target forecast price, but approximately in the range between the pessimistic and optimistic target price.

Forecast table for 30 days
Date	Target	Pes.	Opt.	Vol., %
Oct 18	3.93	3.85	3.98	3.28
Oct 19	3.90	3.78	4.00	6.07
Oct 20	3.86	3.77	3.97	5.16
Oct 21	3.80	3.64	3.90	7.16
Oct 22	3.76	3.64	3.89	6.79
Oct 23	3.83	3.62	3.90	7.85
Oct 24	3.86	3.77	3.94	4.51
Oct 25	3.87	3.73	3.97	6.46
Oct 26	3.61	3.51	3.81	8.43
Oct 27	3.40	3.25	3.46	6.29
Oct 28	3.28	3.15	3.46	9.84
Oct 29	3.33	3.18	3.42	7.77
Oct 30	3.27	3.16	3.41	7.89
Oct 31	3.42	3.34	3.53	5.81
Nov 01	3.51	3.40	3.70	8.88
Nov 02	3.62	3.50	3.80	8.46
Nov 03	3.50	3.33	3.62	8.91
Nov 04	3.59	3.48	3.76	7.93
Nov 05	3.59	3.47	3.72	7.19
Nov 06	3.47	3.37	3.65	8.51
Nov 07	3.50	3.33	3.57	7.35
Nov 08	3.27	3.09	3.40	9.94
Nov 09	3.43	3.38	3.54	4.83
Nov 10	3.49	3.35	3.59	7.23
Nov 11	3.67	3.48	3.83	10.05
Nov 12	3.55	3.47	3.70	6.66
Nov 13	3.66	3.54	3.74	5.65
Nov 14	3.43	3.24	3.59	10.82
Nov 15	3.21	3.14	3.37	7.07
Nov 16	3.10	2.99	3.25	8.63

Bit Digital Stock Forecast 18 Oct.

Presumably, on 10/18/2024, the price of shares will be in the range of $3.85 - $3.98. A $0.13 range width can provide 3.28% volatility. The weighted average price of this range is at $3.93, which is $0.17 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 19 Oct.

Presumably, on 10/19/2024, the price of shares will be in the range of $3.78 - $4.00. A $0.23 range width can provide 6.07% volatility. The weighted average price of this range is at $3.90, which is $0.03 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 20 Oct.

Presumably, on 10/20/2024, the price of shares will be in the range of $3.77 - $3.97. A $0.19 range width can provide 5.16% volatility. The weighted average price of this range is at $3.86, which is $0.03 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 21 Oct.

Presumably, on 10/21/2024, the price of shares will be in the range of $3.64 - $3.90. A $0.26 range width can provide 7.16% volatility. The weighted average price of this range is at $3.80, which is $0.06 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 22 Oct.

Presumably, on 10/22/2024, the price of shares will be in the range of $3.64 - $3.89. A $0.25 range width can provide 6.79% volatility. The weighted average price of this range is at $3.76, which is $0.04 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 23 Oct.

Presumably, on 10/23/2024, the price of shares will be in the range of $3.62 - $3.90. A $0.28 range width can provide 7.85% volatility. The weighted average price of this range is at $3.83, which is $0.07 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 24 Oct.

Presumably, on 10/24/2024, the price of shares will be in the range of $3.77 - $3.94. A $0.17 range width can provide 4.51% volatility. The weighted average price of this range is at $3.86, which is $0.03 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 25 Oct.

Presumably, on 10/25/2024, the price of shares will be in the range of $3.73 - $3.97. A $0.24 range width can provide 6.46% volatility. The weighted average price of this range is at $3.87, which is $0.01 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 27 Oct.

Presumably, on 10/27/2024, the price of shares will be in the range of $3.25 - $3.46. A $0.20 range width can provide 6.29% volatility. The weighted average price of this range is at $3.40, which is $0.21 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 28 Oct.

Presumably, on 10/28/2024, the price of shares will be in the range of $3.15 - $3.46. A $0.31 range width can provide 9.84% volatility. The weighted average price of this range is at $3.28, which is $0.12 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 29 Oct.

Presumably, on 10/29/2024, the price of shares will be in the range of $3.18 - $3.42. A $0.25 range width can provide 7.77% volatility. The weighted average price of this range is at $3.33, which is $0.04 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 30 Oct.

Presumably, on 10/30/2024, the price of shares will be in the range of $3.16 - $3.41. A $0.25 range width can provide 7.89% volatility. The weighted average price of this range is at $3.27, which is $0.06 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 31 Oct.

Presumably, on 10/31/2024, the price of shares will be in the range of $3.34 - $3.53. A $0.19 range width can provide 5.81% volatility. The weighted average price of this range is at $3.42, which is $0.15 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 01 Nov.

Presumably, on 11/01/2024, the price of shares will be in the range of $3.40 - $3.70. A $0.30 range width can provide 8.88% volatility. The weighted average price of this range is at $3.51, which is $0.09 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 02 Nov.

Presumably, on 11/02/2024, the price of shares will be in the range of $3.50 - $3.80. A $0.30 range width can provide 8.46% volatility. The weighted average price of this range is at $3.62, which is $0.11 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 03 Nov.

Presumably, on 11/03/2024, the price of shares will be in the range of $3.33 - $3.62. A $0.30 range width can provide 8.91% volatility. The weighted average price of this range is at $3.50, which is $0.12 lower than the previous day's weighted average price.

Bit Digital Stock Forecast 04 Nov.

Presumably, on 11/04/2024, the price of shares will be in the range of $3.48 - $3.76. A $0.28 range width can provide 7.93% volatility. The weighted average price of this range is at $3.59, which is $0.09 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 05 Nov.

Presumably, on 11/05/2024, the price of shares will be in the range of $3.47 - $3.72. A $0.25 range width can provide 7.19% volatility. The weighted average price of this range is at $3.59, which is $0.01 higher than the previous day's weighted average price.

Bit Digital Stock Forecast 06 Nov.

Presumably, on 11/06/2024, the price of shares will be in the range of $3.37 - $3.65. A $0.29 range width can provide 8.51% volatility. The weighted average price of this range is at $3.47, which is $0.13 lower than the previous day's weighted average price.

Table of forecasts for 2024.
Month	Target	Pes.	Opt.	Vol., %
Nov.	3.58	3.29	3.78	12.95
Dec.	3.78	3.66	3.92	6.64

Now let's look at the monthly consensus forecast for this year and beyond. The forecast is also based on the forecasts of world analysts, which are in the public domain. Forecasts for the year are medium-term and less dependent on external factors, and therefore more accurate than daily forecasts.

This year, the maximum possible price per Bit Digital share is projected at $3.92. Peak forecasts from some agencies, which vary greatly in price, we have omitted.

The minimum levels for Bit Digital shares for this year are $3.29.

Detailed forecast for 2024

Similarly, we calculated the consensus forecasts for the coming years, which are summarized in tables for convenience.

Bit Digital (BTBT) Monthly Stock Prediction for 2025

Table of forecasts for 2025.
Month	Target	Pes.	Opt.	Vol., %
Jan	3.66	3.25	3.88	16.13
Feb	3.52	3.17	3.75	15.50
Mar	3.71	3.26	4.11	20.58
Apr	4.05	3.71	4.33	14.43
May	4.15	4.02	4.44	9.53
Jun	4.12	3.69	4.54	18.65
Jul	4.26	3.92	4.44	11.66
Aug	4.66	4.46	4.88	8.46
Sep	4.30	4.01	4.63	13.36
Oct	3.66	3.35	4.03	16.90
Nov	3.91	3.47	4.35	20.12
Dec	3.65	3.26	3.84	15.13

Detailed forecast for 2025

Bit Digital (BTBT) Monthly Stock Prediction for 2026

Table of forecasts for 2026.
Month	Target	Pes.	Opt.	Vol., %
Jan	3.51	3.28	3.71	11.35
Feb	3.30	3.16	3.40	6.98
Mar	3.65	3.36	3.90	13.91
Apr	4.00	3.73	4.34	14.23
May	4.58	4.12	4.85	15.00
Jun	4.80	4.63	5.38	13.93
Jul	4.20	3.89	4.36	10.70
Aug	4.42	4.01	4.57	12.20
Sep	4.38	4.11	4.81	14.49
Oct	4.58	4.06	5.03	19.38
Nov	5.14	4.71	5.41	12.97
Dec	4.89	4.56	5.46	16.38

Detailed forecast for 2026

Bit Digital (BTBT) Monthly Stock Prediction for 2027

Table of forecasts for 2027.
Month	Target	Pes.	Opt.	Vol., %
Jan	5.57	5.32	6.08	12.37
Feb	5.63	5.27	6.26	15.80
Mar	5.74	5.45	6.31	13.65
Apr	5.90	5.59	6.16	9.33
May	5.16	4.81	5.53	13.03
Jun	5.72	5.20	6.18	15.84
Jul	6.31	5.85	6.53	10.42
Aug	6.84	6.38	7.11	10.24
Sep	6.71	6.25	7.34	14.82
Oct	7.09	6.39	7.53	15.12
Nov	7.87	7.53	8.24	8.60
Dec	7.56	7.25	7.94	8.72

Detailed forecast for 2027

Bit Digital (BTBT) Monthly Stock Prediction for 2028

Table of forecasts for 2028.
Month	Target	Pes.	Opt.	Vol., %
Jan	7.58	6.93	8.24	15.87
Feb	6.49	5.85	7.08	17.32
Mar	6.88	6.49	7.24	10.28
Apr	6.99	6.33	7.48	15.41
May	7.12	6.67	7.45	10.46
Jun	7.67	7.12	8.13	12.45
Jul	7.86	7.24	8.14	11.02
Aug	7.73	6.93	8.63	19.63
Sep	8.29	7.33	8.86	17.26
Oct	9.10	8.35	9.93	15.94
Nov	10.45	9.54	10.98	13.13
Dec	9.70	9.38	10.53	10.92

Detailed forecast for 2028

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