News: Bitcoin showed resilience, bouncing back above $47,000 and breaking key resistance levels, indicating a continuation of the near-term bullish trend. Positive sentiment was bolstered by billionaire investors like Steven Cohen and Ray Dalio touting cryptocurrencies, and technical indicators like the golden cross appearing on BTC charts. However, concerns remain regarding potential fake-outs and resistance at higher levels, alongside negative sentiment around mining stock Canaan. The SEC's continued delay on Bitcoin ETF approvals adds a layer of regulatory uncertainty.

Market Probabilities: 
Bull 55% | Base 35% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "low", "timeframe": "medium_term", "confidence": 0.6000000000000001, "key_reason": "Sustained institutional buying is a strong indicator of long-term confidence in Bitcoin's value prop"}