Bakkt (BKKT) Surges 31.5% Leading Crypto Market Rally

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 06 2026

BTC+2.325%

NAKA-2.26%

XRP+1.49%

Should l Buy BTC?

Market Rebound: The total crypto market capitalization rose by 1.3% in the past 24 hours to nearly $3.3 trillion, indicating a significant improvement in market sentiment that could attract more investors.
Bakkt's Strong Performance: Crypto infrastructure platform Bakkt saw its stock surge by 31.5% on Monday, closing at $15.52, reflecting strong investor confidence in its future growth potential.
Bitcoin Price Recovery: Bitcoin gained 1.2% in the past day, reaching $93,800 and nearing a 24-hour high of $94,600, marking its highest price since early December and demonstrating sustained interest in crypto assets.
XRP's Strong Bounce: XRP soared nearly 12% on the day to $2.39, hitting its highest price since mid-November, indicating a recovering demand for the asset that may attract more investor attention.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36137.94	48068.97	60407.96	72338.99	84677.98	96609.01	108948
Fibonacci	48068.97	57340.118	63067.842	72338.99	81610.138	87337.862	96609.01

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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