News: Bitcoin is showing resilience, holding gains above $9,000 while global equities are experiencing a significant downturn due to coronavirus fears. This suggests a potential flight to safety, benefiting Bitcoin as a perceived alternative asset. Positive developments in infrastructure like Lightning Labs funding and institutional custody expansion in Europe are also supportive long-term. However, regulatory scrutiny, exemplified by the Bank of England governor's warning and a lawsuit against Canaan, presents headwinds.

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

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