Bitcoin prepares for high volatility in the vicinity of Bakkt's futures contracts launch

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In only three days Bakkt will introduce its long-awaited Bitcoin futures contracts.

As the date approaches, indicators predict that Bitcoin may soon experience high levels of volatility.

Following several delays due to regulatory concerns, Bakkt, a subsidiary of the Intercontinental Exchange, finally received the green light from the U.S. Commodity Futures Trading Commission to launch its Bitcoin futures.

Unlike other BTC futures contracts such as the Chicago Mercantile Exchange, which is only settled in U.S. dollars, Bakkt Bitcoin futures will settle using real Bitcoin at contract expiry.

Bitcoin deposited at our Warehouse is protected by a $125 million insurance policy.

Bakkt will become the first company in the cryptocurrency industry to introduce physical-settled Bitcoin futures contracts.

If successful, Bakkt could be able to capture a substantial share of Bitcoin's trading volume allowing it to create price discovery.

Bakkt Bitcoin futures contracts could indeed be the catalyst that takes Bitcoin out of the consolidation phase it enters after nearly reaching $14,000 on June 26.

A break above $10,500 and the 100-day moving average could lead to an upswing that takes Bitcoin into new yearly highs.

Bakkt is set to launch its crypto-settled futures contracts on Sept. 23, and its impact on Bitcoin's market valuation is yet to be seen.

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