News: Bitcoin experienced a significant correction on Monday but has shown signs of stabilization around $34,000. Analysts are cautiously optimistic about the short-term outlook, citing positive macro trends like stimulus hopes and vaccine rollouts, though some foresee further downside due to exchange flows. Regulatory concerns from the ECB's Christine Lagarde introduce a bearish element, while the upcoming Taproot upgrade is a bullish technical development. Institutional adoption continues to be a strong long-term driver, with record purchase volumes reported on exchanges.

Market Probabilities: 
Bull 55% | Base 30% | Bear 15%

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