News: Bitcoin is showing strong bullish momentum, trading above $8,000 and nearing its yearly high, driven by factors like the US-China trade war and anticipation of the 2020 halving. Institutional interest is evident with NYSE Arca filing for a Bitcoin ETF and Facebook establishing a crypto company. However, JPMorgan strategists caution that Bitcoin may be overvalued, drawing parallels to the 2017 rally, and a recent study questions its role as a stock market hedge. The SEC has also delayed its decision on the VanEck/SolidX ETF proposal, adding a layer of uncertainty.

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

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