Yesterday, Bitcoin traded mostly above $119,000 and briefly topped $120,000 before closing at $119,676.30, gaining 0.51% and marking its highest daily close since mid-July; the move continued a multi-day rally, bringing month-to-date gains to 2.5% and year-to-date gains to 28%. The positive sentiment was fueled by ongoing corporate accumulation, with companies like Meta planet and Smarter Web Company collectively adding hundreds of Bitcoin to their treasuries—Meta planet alone bought 518 BTC for $61.4million, highlighting the trend of rising institutional adoption. However, overall crypto markets showed caution ahead of a key U.S. inflation report, which tempered risk appetite alongside broader declines across all coins, and analysts note that, while Bitcoin's rally remains strong, resistance levels near $120,000 are crucial to watch for any sign of a double top or retracement

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