Cryptocurrency BitDAO (BIT) Price Forecast

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Cryptocurrency (Rank #89)
BitDAO BIT
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BitDAO Price BIT
$0.50851 0.68%
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High (24h) BIT
$0.5157
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Low (24h) BIT
$0.4875
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Circulating Supply
1,136,414,527
BIT
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Market Capitalization BIT
$576,646,684.00
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Volume Total BIT
$64,413,731.00
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All Time High BIT
$3.10

BitDAO (BIT) Realtime Price & Global Market Data Chart

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BitDAO Global Market Data
BIT History, Market Capitalization & Volume
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BitDAO Global Market Data
BIT History, Market Capitalization & Volume
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BitDAO (BIT) Price Forecast, Price Target & Price Average

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Market Capitalization BIT
$576,646,684.00
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BitDAO Price BIT
$0.50851 0.68%
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AVG Price (30d) BIT
$0.6461
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Forecast (24h) BIT
$0.516008
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BitDAO Long Forecast
BIT Long Forecast
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Best Time Buy BIT
09:34 AM UTC
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Best Time Sell BIT
09:41 AM UTC
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Return of Invest (14d) BIT
35.94%
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Forecast Accuracy
-3889418.44%

BitDAO (BIT) TensorFlow Model Prediction & Forecast Accuracy

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BitDAO TensorFlow Model
BIT TensorFlow Model
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BitDAO (BIT) Chart Analysis, Candlestick Chart

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BitDAO (BIT) Simple Moving Average & Exponential Moving Average Chart

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BitDAO EMA
BIT EMA
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BitDAO (BIT) Moving Average Convergence Divergence & Trade Volume Chart

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BitDAO Trade Volume
BIT Trade Volume
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BitDAO (BIT) Seasonal Data Chart & Time Slot Chart

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BitDAO Seasonal Data
BIT Seasonal Data
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BitDAO (BIT) Forecast Report

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BitDAO (BIT) Forecast Report for the 18.08.2022

The live BitDAO price today is $0.509 with a total trading volume of $64,413,731.00. BitDAO is up ,0.68% in the last 24 hours. The current ranking is #89, with a live market cap of $576,646,684.00. It has a circulating supply of 1,136,414,527 BIT coins. The highest closing price of BitDAO (BIT) in the current month August was at a price of $0.0000 and thus -99.99% under its all-time high of 12.11.2021 at $3.10.

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BitDAO (BIT) current trend & trend change

The current market trend for BitDAO (BIT) is currently bullish. The last Doji Star indicator for a trend change was on 24.10.2021 and was quoted at a price of $0.0000. This indicator could be interpreted for a upwards trend change can be interpreted.

Definition and Interpretation of Trends & Trend Changes

The Doji Star indicates certainty or uncertainty in a trendline, suggesting a possible end to an uptrend or downtrend. However, the Doji Star does not provide a concrete trading signal, but indicates a change in the current trend. With this indicator, bulls and bears are in balance, a possible end of the upward or downward trend is announced. Here, however, this reversal must be reinforced by a confirmation on the third day. This can be done, for example, by a large gap up or down or a higher or lower close.

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BitDAO (BIT) Resistance & Support

The last high from 23.10.2021 at $0.0000 was with 136.35% above the resistance of $0.0000 and could could be broken through. Support is currently received by the BitDAO (BIT) price at the $0.0000 support line and is holding with 883.56% above this.

Definition and interpretation of resistance & support

Resistance line is the term used in charting to describe a horizontal line at which a price increase has been stopped several times in the past, i.e. at least twice, and is formed by connecting past highs in the chart. The support line is the counterpart of the resistance line and like the latter, a horizontal line in the chart. A support line is formed by connecting those lows in a chart that have the same price value. Therefore, it indicates a value at which a price decline has been stopped several times in the past.

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BitDAO (BIT) Simple Moving Average

The currently quoted BitDAO (BIT) price is located with $0.509 above the simple moving average and can be considered as bullisch signal. Both an important buy signal and sell signal pattern have been identified.

The buy signal pattern for BitDAO (BIT) was detected on 07.10.2021 at a price of $0.0000 could be determined. The sell signal pattern for BitDAO (BIT) could be determined on 04.10.2021 at a price of $0.0000 could be determined.

Functioning of Simple Moving Average

In a Simple Moving Average, the arithmetic average of the base price in the observation period is calculated. The closing prices in the observation period are added and divided by their number. Each day in the observation period is thus given the same weight, for example, in the case of a 10-day average, each individual day has a weight of 10%, and in the case of a 5-day average, each individual day has a weight of 20%.

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BitDAO (BIT) Exponential Moving Average

The currently quoted BitDAO (BIT) price is at $0.509 above the exponential moving average and can be considered as bullisch signal. Both an important buy signal and sell signal pattern have been identified.

The buy signal pattern for BitDAO (BIT) was detected on 06.09.2021 at a price of $0.0000 could be determined. The sell signal pattern for BitDAO (BIT) could be determined on 06.09.2021 at a price of $0.0000 could be determined.

How Exponential Moving Average Works

The exponential moving average gives more weight to recent prices than to prices further back in time, but the calculation does not refer to a fixed period (of n days), but takes into account all existing data series. This is achieved by subtracting yesterday's exponential moving average from today's closing price and then multiplying this difference by an exponential valuation factor.

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Definition and Interpretation of Moving Average.

The moving average is used to show the course of a price over a certain period of time. This allows the average price to be seen at a glance. As the number of n-periods increases, the course of the price is smoothed more and more in order to get a clearer picture and to be able to recognize trends better.

If the price of a cryptocurrency quotes above the selected moving average, then it can be considered a bullish signal. If the price quotes below the moving average, then this is to be understood as a bearish signal. It should always be kept in mind the so-called danger of overheating, which occurs when the prices that are above the moving average line of interest continue to rise. Then it can quickly happen that a reversion to the moving average occurs. A trend reversal with retracements may also be imminent in some cases.

If the moving average describes a descending curve and prices have been above this moving average so far, then selling should be done. In the opposite case, a weak buy signal can be seen. If prices continue to fall below the relevant line, there is a chance of a trend reversal to the upside. Whereby such statements should always be taken with caution and should never be the sole component of a decision-making process.

Concrete buy and sell signals arise when the faster (the one with the shorter period) of the switched on moving averages breaks through the slower moving average from the bottom to the top. A sell signal, on the other hand, occurs when the faster moving average breaks the slower moving average from top to bottom. There are many ways to calculate the moving average, but the most commonly used is the so called Simple Moving Average (SMA).

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BitDAO (BIT) Moving Average Convergence Divergence

The current MACD value of 0.00 can be interpreted as bullish signal The buy signal pattern for BitDAO (BIT) could be seen on 09.10.2021 with a MACD of 0 could be determined. The sell signal pattern for BitDAO (BIT) could be determined on 26.09.2021 with a MACD of 0 could be determined.

Definition and Interpretation of Moving Average Convergence Divergence

MACD (Moving Average Convergence Divergence) is a commonly used indicator in market engineering. The MACD visualizes the convergence and divergence of the moving average and belongs to the so-called trend followers. To determine the MACD, two different exponentially weighted moving averages are needed, which are calculated from data series of closing prices. The MACD is the difference between the shorter (faster) average and the longer (slower) average.

A rising MACD indicates an uptrend in a cryptocurrency, while a falling one indicates a downtrend. The greater the distance of the MACD from its zero line, the stronger the trend. When the MACD line crosses the signal line upwards, a buy signal is created. On the other hand, if the MACD crosses the signal line from the top to the bottom, it advises selling.

If the price of a cryptocurrency reaches new highs and these are not confirmed by simultaneous highs in the MACD, this is called a negative divergence. This means that the market saturation of the cryptocurrency is high and selling and a falling price is to be expected soon. Conversely, it is a positive sign when new lows of the cryptocurrency are no longer confirmed by the MACD. This indicates that selling of the corresponding cryptocurrency is on the decline.

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BitDAO (BIT) Time Span

The 24-hour time span analysis helps to identify closing price clusters. Over the last 180 days, the lowest closing prices have been identified at these times.

00:00 - 01:00 Clock, Number of Closing Prices 12

23:00 - 00:00 Clock, Number of Closing Prices 8

02:00 - 03:00 Clock, Number of Closing Prices 5

The highest closing price clusters were identified at these times

10:00 - 11:00 Clock, Number of Closing Prices 6

00:00 - 01:00 Clock, Number of Closing Prices 4

02:00 - 03:00 Clock, Number of Closing Prices 4

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BitDAO Price Target BIT
28 Days Forecast for BitDAO (BIT)
date Change Forecast Price
19.08.2022
1.47%
~ $0.516008
20.08.2022
5.94%
~ $0.5387
21.08.2022
12.21%
~ $0.57062
22.08.2022
22.94%
~ $0.6251
23.08.2022
33.69%
~ $0.6798
24.08.2022
32.02%
~ $0.6713
25.08.2022
30.07%
~ $0.6614
26.08.2022
27.50%
~ $0.6483
27.08.2022
22.53%
~ $0.6231
28.08.2022
27.50%
~ $0.6483
29.08.2022
22.65%
~ $0.6237
30.08.2022
27.95%
~ $0.65063
31.08.2022
23.68%
~ $0.6289
01.09.2022
33.26%
~ $0.6776
02.09.2022
26.89%
~ $0.6452
03.09.2022
32.48%
~ $0.6736
04.09.2022
24.19%
~ $0.6315
05.09.2022
27.19%
~ $0.6467
06.09.2022
33.74%
~ $0.680068
07.09.2022
28.64%
~ $0.6541
08.09.2022
29.97%
~ $0.660908
09.09.2022
34.79%
~ $0.6854
10.09.2022
30.70%
~ $0.6646
11.09.2022
27.43%
~ $0.64801
12.09.2022
34.13%
~ $0.68207
13.09.2022
29.39%
~ $0.6579
14.09.2022
31.71%
~ $0.6697
15.09.2022
19.58%
~ $0.608091

BitDAO (BIT) General Data

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Hashing Algorithm BIT
Not available
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Block Time BIT
Not available
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Twitter & Reddit Votes Up BIT
12.5%
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Twitter & Reddit Votes Down BIT
87.5%
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Trust Score BIT
30.20%
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Liquidity Trust BIT
46.85%
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Community Score BIT
26.02%
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Developer Score BIT
0.00%

BitDAO (BIT) Social Media Data

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Twitter Followers BIT
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Reddit Subscribers BIT
287
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Reddit Posts (48h) BIT
0
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Reddit Comments (48h) BIT
0

BitDAO (BIT) Description, Blockchain, Repository & Official Links

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BitDAO BIT