News: Bitcoin experienced significant volatility today, reacting to Federal Reserve Chair Jerome Powell's speech on average inflation targeting. While the prospect of higher inflation initially boosted Bitcoin, the price quickly reversed, indicating market uncertainty. Miners are accumulating Bitcoin, reaching a two-year high in holdings, which could reduce selling pressure. Meanwhile, institutional interest remains a key theme, with Fidelity seeking SEC approval for a Bitcoin index fund and INX Limited achieving SEC clearance for a security token IPO, signaling progress in regulatory clarity.

Market Probabilities: 
Bull 45% | Base 35% | Bear 20%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.525, "key_reason": "Consistent fundraising by institutional players like NYDIG demonstrates sustained demand and confide"}