Bitcoin's price has surged sharply, reaching over $73,000, surprising market analysts after the release of the latest US Consumer Price Index (CPI) data, which indicated inflation at 3.5%, slightly above expectations. Typically, such inflation data would pressure risk assets, including cryptocurrencies, leading to a bearish market reaction. However, Bitcoin's price continued to rise, suggesting that traders had already positioned themselves cautiously ahead of the CPI release. This upward movement has brought Bitcoin back into the $70,000 to $72,000 range, previously seen as resistance. Technical indicators such as the Relative Strength Index (RSI) and Chaikin Money Flow (CMF) point to strengthening bullish momentum, with the RSI above 60 and CMF turning positive. If Bitcoin maintains its position above the $70,000 mark, it could potentially reach $75,000, with further gains possible up to $80,000. Conversely, a drop below this range could lead to a pullback towards $65,000.