Here’s why Bakkt is surging (January 8)

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Bakkt Surges 8.12% Today

Highlights

Bakkt completed its shift to a B2B digital asset infrastructure provider by launching Bakkt Agent and Bakkt Markets platforms.
The company ended its contract with Webull, reducing revenue concentration but negatively impacting its overall revenue stream.
Bakkt raised capital and made divestitures, yet its tight cash position indicates further equity dilution may occur.

Cash constraints emerge as Bakkt pivots and shifts revenue base

Bakkt recently completed its transition to a B2B digital asset infrastructure provider, introducing new platforms such as Bakkt Agent and Bakkt Markets. The company also ended its contract with Webull, which reduced revenue concentration but impacted overall revenue. Bakkt has raised capital and made divestitures, but its cash position remains tight and further equity dilution is possible.

Anton Kharitonov, expert at Traders Union, sees BKKT displaying conflicting momentum and fragile technical strength. The recent gains are driven by short-term buying and not supported by solid fundamentals. He observes that overbought conditions and a tight cash position, combined with the loss of the Webull contract and possible equity dilution, dampen confidence. Kharitonov warns that the narrow upside potential is outweighed by downside risk in the near term. "Until Bakkt demonstrates sustainable revenue growth and stronger balance sheet, I remain highly cautious on its prospects rallying beyond the current highs."

Viktoras Karapetjanc, expert at Traders Union, maintains a constructive view on Bakkt's strategic shift to B2B digital asset services. He sees the divestitures and capital raising as steps that position the company for new growth. Karapetjanc believes the bullish structure remains intact despite volatility, with upcoming platforms supporting future expansion. He emphasizes that market offers multiple setups above $16.60 for proactive buyers. "Further growth is expected if Bakkt leverages its new platforms and stabilizes revenues in the coming weeks."

Parshwa Turakhiya, analyst, recognizes the short-term trading opportunity in BKKT's recent surge. The analyst sees sentiment-driven momentum but warns that multiple oscillators flashing overbought signals suggest mean reversion is likely. He highlights that the consolidation band between $14.25 and $14.93 offers clear range-trading setups for agile traders. "With volatility high and buyers losing some ground, I’d play both sides and watch for a move outside the corridor before taking new directional bets."

Volatility persists as price gains outpace weakening momentum signals

Momentum readings are conflicting: the D1 MACD signals strong selling pressure, but the ADX is neutral at 19.25. RSI is supportive of further gains, yet overbought warnings come from Stoch RSI, CCI, and BBP. Buyers dominate the intraday action as reflected by a daily increase of $1.23, marking an 8.12% gain. There was a minor downside gap at the open, but price quickly rallied toward the top of today’s intraday range ($14.20 — $16.60), indicating strong volatility and persistent strength toward session highs. However, several oscillators are calling for caution due to overbought conditions, pointing to a growing divergence between short-term price gains and underlying momentum.

Previously it was reported that Bakkt Holdings, Inc. (BKKT) maintained a bullish short-term momentum above its 20-day moving average, but remained under pressure from medium- and longer-term resistances at the 50- and 200-day levels. Despite price standing above key support, indicators such as MACD and overbought oscillators highlight a divergence between short-term strength and underlying caution, as intraday range tightens amid mixed momentum.

Source of Data: BKKT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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