1. Bitcoin has climbed sharply toward $120,000, its highest level since early July, driven by renewed macro optimism.

2. The cause? A new U.S.‑EU trade deal, announced by President Trump, eased global economic uncertainty and boosted investor appetite.

3. Despite geopolitical pressures fueling volatility, BTC shows resilience in the range of $116K–$121K, maintaining strong support levels.

4. Institutional inflows remain robust—over $11.2 billion poured into crypto assets in July, although Ethereum is currently outperforming Bitcoin.

5. Cantor Fitzgerald analysts raised targets significantly, predicting BTC could ultimately reach $1 million, citing continued tailwinds.

6. MicroStrategy, the largest corporate holder of Bitcoin, saw its share price rise following Cantor’s upgraded BTC outlook and forecast of $20B annual Bitcoin buys by the firm.

7. Overall, Bitcoin is in a consolidation phase, with market sentiment buoyed by regulatory clarity and renewed ETF-related demand.