Bitcoin still in ‘up only mode,’ but these are the key price levels to watch

Bitcoin price momentum accelerated, with big overhead resistance at $135,000 in place and several key support levels below.

Key takeaways:

Bitcoin dropped to $122,500 on Tuesday, but onchain data shows no signs of an overheated market.

The resistance at $135,000 remains the main BTC price barrier for now, with key support around $120,000.

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