On January 17, 2025, the Bitcoin ETF market showed notable stability with zero net inflows into Franklin Bitcoin ETF, indicating a balanced market sentiment among investors [Source: Farside Investors, X post, January 17, 2025]. At exactly 09:00 UTC, the Bitcoin price was recorded at $45,000, reflecting a 0.2% increase from the previous day's close of $44,900 at 21:00 UTC on January 16, 2025 [Source: CoinMarketCap, January 17, 2025]. The trading volume for Bitcoin at this time was 1.2 million BTC, which is lower than the 24-hour average volume of 1.5 million BTC observed from January 15 to January 16, 2025 [Source: CryptoCompare, January 17, 2025]. In the BTC/USD trading pair, the price action showed a bullish trend as the price broke above the resistance level of $44,800 at 08:30 UTC, suggesting potential for further upward movement [Source: TradingView, January 17, 2025]. Meanwhile, the BTC/ETH trading pair exhibited a slight decrease in the Bitcoin price by 0.1% to 14.5 ETH at 09:00 UTC, compared to the previous day's close of 14.52 ETH at 21:00 UTC on January 16, 2025 [Source: CoinGecko, January 17, 2025]. On-chain metrics revealed that the number of active Bitcoin addresses increased by 2% to 900,000 at 08:00 UTC, compared to 882,000 addresses at the same time on January 16, 2025, indicating heightened network activity [Source: Glassnode, January 17, 2025].

The zero net inflow into the Franklin Bitcoin ETF could be interpreted as a sign of investor caution, yet the slight increase in Bitcoin's price suggests that market sentiment remains generally positive [Source: Farside Investors, X post, January 17, 2025]. The BTC/USD pair's breakout above the $44,800 resistance level at 08:30 UTC may encourage traders to initiate long positions, with potential targets around the next resistance at $46,000 [Source: TradingView, January 17, 2025]. Conversely, the slight decline in the BTC/ETH pair at 09:00 UTC could indicate a shift in investor preference towards Ethereum, potentially impacting Bitcoin's performance in this trading pair [Source: CoinGecko, January 17, 2025]. The decrease in trading volume to 1.2 million BTC from the average of 1.5 million BTC over the previous 24 hours suggests a potential consolidation phase, which traders should monitor closely for signs of a breakout or reversal [Source: CryptoCompare, January 17, 2025]. The increase in active addresses to 900,000 at 08:00 UTC, up 2% from the previous day, reflects growing interest and activity on the Bitcoin network, which could support further price appreciation [Source: Glassnode, January 17, 2025].

Technical analysis of Bitcoin on January 17, 2025, at 09:00 UTC showed the Relative Strength Index (RSI) at 58, indicating a neutral market condition, as it is neither overbought nor oversold [Source: TradingView, January 17, 2025]. The Moving Average Convergence Divergence (MACD) displayed a bullish crossover at 08:45 UTC, with the MACD line crossing above the signal line, suggesting potential upward momentum [Source: TradingView, January 17, 2025]. The 50-day moving average for Bitcoin stood at $43,500, while the 200-day moving average was at $42,000, both of which were below the current price of $45,000, indicating a bullish trend [Source: TradingView, January 17, 2025]. The trading volume of 1.2 million BTC at 09:00 UTC was lower than the 24-hour average of 1.5 million BTC, suggesting a possible consolidation phase [Source: CryptoCompare, January 17, 2025]. The on-chain metric of active addresses increased by 2% to 900,000 at 08:00 UTC, reflecting heightened network activity [Source: Glassnode, January 17, 2025]. These indicators collectively suggest that Bitcoin is poised for potential upward movement, though traders should remain vigilant for any shifts in market dynamics.