News: Bitcoin is showing strong bullish momentum, breaking above $13,000 for the first time since early 2018, fueled by positive institutional sentiment from J.P. Morgan and continued mainstream adoption signals like PayPal's integration. However, the market is not without risk, as evidenced by the exploit in the Harvest Finance DeFi protocol, which caused a significant price drop for its token and highlights DeFi's inherent volatility. The IRS also provided some clarity on crypto tax reporting, which is a net positive for adoption. Macroeconomic factors like rising COVID-19 cases and stalled stimulus talks add a layer of uncertainty.

Market Probabilities: 
Bull 60% | Base 30% | Bear 10%

Recommendations: 
Short-term: BUY
Long-term: BUY
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