Bitcoin reacted in kind to calm US macro data, while oil stayed volatile amid uncertainty over the duration of the Middle East conflict.

Bitcoin moved back above $70,000 after the United States Consumer Price Index met market expectations, while traders monitored oil prices.

Bitcoin open interest sparked a prediction of high BTC price volatility to come as $70,000 remained the bulls' key reclaim level.

Bitcoin copied a relief rally in stocks, but concerns focus on downside liquidity and looming 50-day moving average resistance.