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Based on Bakkt Holdings' 15-minute chart, the MACD indicator has crossed below the signal line, known as a "death cross," which is a bearish technical indicator. Additionally, the Bollinger Bands are expanding downward, indicating that the stock price is experiencing increased volatility and may continue to decline. Overall, the market trend is being driven by selling pressure, as investors are more inclined to sell the stock than to buy it.
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