News: The long-term outlook for Bitcoin remains cautiously optimistic, primarily driven by the ongoing pursuit of spot Bitcoin ETFs by major financial institutions like Fidelity and BlackRock, which could unlock significant institutional capital. However, regulatory headwinds in regions like the EU, with potential for stricter capital requirements for crypto, present a bearish counterpoint. In the short term, market sentiment is mixed, with a lack of major adoption or regulatory catalysts. While insider buying in crypto-related firms and political endorsements offer minor bullish signals, a decline in developer activity suggests potential innovation slowdowns. Overall, the market appears to be in a consolidation phase, awaiting clearer regulatory guidance and institutional adoption triggers.

Market Probabilities: 
Bull 50% | Base 35% | Bear 15%

Recommendations: 
Short-term: HOLD
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.6, "key_reason": "The renewed push for a spot Bitcoin ETF by major players like Fidelity and BlackRock signals increas"}