Bitcoin reclaimed its 50-day simple moving average (SMA) on Jan. 3, with year-to-date gains exceeding 6%, pushing BTC back to $97,000. However, traders remain wary, eyeing key resistance at $99,000 for confirmation of bullish momentum.
Some predict further price drops to $90,000–$88,000 unless $99,000 flips to support. While cautious in the short term, analysts like Daan Crypto Trades maintain a bullish outlook for Q1 2025.
ETF Inflows Rebound
U.S. spot Bitcoin ETFs saw a net inflow of $908 million on Jan. 3, marking a six-week high and signaling renewed institutional interest in BTC as the first full trading week of 2025 begins.
