News: Bitcoin has reclaimed the $70,000 level, driven by renewed optimism and a potential start to a global easing cycle signaled by the Swiss National Bank's rate cut. However, significant outflows from the Grayscale Bitcoin ETF ($1.9 billion last week) are creating selling pressure, leading to net outflows for spot Bitcoin ETFs. Despite this, strong holding sentiment and positive analyst predictions for the upcoming halving and ETF demand suggest underlying bullishness. Developments in NFT market activity on Bitcoin and institutional interest from firms like Franklin Templeton continue to support long-term adoption.

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

Recommendations: 
Short-term: BUY
Long-term: BUY
{"sentiment": "bullish", "price_direction": "up", "impact_strength": "medium", "timeframe": "medium_term", "confidence": 0.625, "key_reason": "The continued strong inflows into Bitcoin ETFs and statements from industry leaders like Coinbase's "}