I just checked Bitcoin prices and things are getting interesting. BTC moved quite a bit in the last few hours, hitting $73.03K in the current session after recently hovering around $70K . What really moved the market was the news about the massive release of oil reserves by the IEA, the largest in history. This caused Brent crude to plummet below $90 per barrel, basically easing fears of persistent inflation.

Why does this matter for crypto? Because when oil prices rise, inflation sticks around, and that means no rate cuts. Now with oil falling, the scenario is different. The move from $66K a few days ago to what we see now represents quite a bit of volatility, but buyers seem to be trying to hold this above the key level of $70K.

Looking at the rest of the market, Ethereum is at $2.28K with a positive weekly movement of 10.67%, BNB remains at $606.50, XRP at $1.35, and Solana at $84.85. Dogecoin is at $0.09. All quite stable compared to the movement we saw in Bitcoin. What everyone is now waiting for is to see if Bitcoin can consolidate from these resistance levels or if it falls again. Analysts say that $73K is the level that really matters now, where several technical indicators converge. The key will be whether buyers maintain the pressure or if we return to the consolidation of the past few weeks.