News: Bitcoin experienced a strong bullish day, rallying significantly and breaking through key resistance levels, indicating robust short-term momentum. Institutional adoption continues to be a major theme, with Tesla accepting Bitcoin for vehicle purchases and Microsoft leveraging the Bitcoin blockchain for its identity platform. These developments reinforce Bitcoin's utility and long-term potential. However, the IRS's stance on capital gains tax for crypto transactions remains a point of consideration for users engaging in such activities.

Market Probabilities: 
Bull 70% | Base 25% | Bear 5%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.725, "key_reason": "The launch of a second Bitcoin ETF in Canada demonstrates growing institutional interest and provide"}