Bitcoin held at $97,000 on January 4, marking a consolidation after year-to-date gains exceeded 6%. The cryptocurrency reclaimed its 50-day simple moving average, signaling potential bullish momentum. Despite this, some traders expressed caution, predicting further declines unless Bitcoin surpasses $99,000 and retains it as support. Notably, U.S. spot Bitcoin ETFs welcomed $908 million in net inflows on January 3, a sharp recovery following prior sell-offs. The Fidelity Wise Origin Bitcoin Fund saw $357 million, while the iShares Bitcoin Trust attracted $253 million. This resurgence indicates renewed institutional interest in Bitcoin after a holiday-induced dip. Concurrently, the Coinbase Premium index rose, suggesting stronger demand from U.S.-based investors, which may influence Bitcoin's price trajectory in the upcoming weeks. Overall, the market anticipates further clarity in price trends as 2025 progresses.

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