News: Bitcoin experienced a significant price jump of over 10% today, recovering from recent lows and signaling renewed bullish sentiment. This positive price action is supported by technical indicators suggesting seller exhaustion. However, a confirmed bullish reversal still requires breaking key resistance levels. Long-term, institutional adoption continues to be a driving force, with news of Kraken potentially opening a Wyoming bank and Fidelity-backed Fireblocks gaining institutional trust. Regulatory scrutiny remains a factor, with the SEC continuing enforcement actions and the Fed expressing concerns about Libra.

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

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