This Under-The-Radar Crypto Stock Lifted 3% On $1 Billion Fundraising That Could Go Into Buying Bitcoin
Bakkt Holdings Inc. Stock Surge: Shares of Bakkt rose 3.09% after the company announced plans to raise up to $1 billion, potentially for purchasing Bitcoin and other digital assets, although no purchases have been made yet.
Company Background and Performance: Bakkt, which went public via a SPAC merger in October 2021, has seen its stock value drop 46% year-to-date despite previous interest from Trump Media & Technology Group for acquisition.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 41959.884 | 50979.942 | 61383.884 | 70403.942 | 80807.884 | 89827.942 | 100231.884 |
| Fibonacci | 50979.942 | 58399.91 | 62983.974 | 70403.942 | 77823.91 | 82407.974 | 89827.942 |
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