Bitcoin's price has surged past $71,500, driven by cooling inflation and bullish technical patterns. The focus now shifts to breaking the $72,000 barrier, which could trigger a massive liquidation of short positions worth $1.5 billion and propel the price to an all-time high of $75,000.

The market is at a critical juncture, with trading volumes dwindling ahead of the expiration of $2.2 billion in Bitcoin and Ethereum options. The upcoming non-farm payroll and unemployment data from the US will be closely watched, as it could impact the market's direction. Despite the options expiration, the cryptocurrency market remains calm, with room for liquidation amid selling pressure.

The US economic data is expected to show an increase in jobs and steady unemployment and wage growth. A positive surprise could boost the market. Bitcoin has been trading sideways around $71,000, with low trading volume indicating decreased investor interest. However, 10x Research predicts a potential price surge to $83,000, breaking the resistance line in the coming days.

In conclusion, Bitcoin bulls are driving the price higher, with a focus on surpassing $72,000. The market awaits critical data and a potential breakout, which could lead to a significant price rally. Will Bitcoin reach $83,000? The next few days will be crucial in determining the cryptocurrency's future price movement.