Despite a drop in pre-halving ETF inflows, Bitcoin could resume its upward trend toward new all-time highs, as the next wave of institutional investors prepares to gain exposure to BTC.

The fourth Bitcoin halving, which took place on April 20, could herald a "more bullish" Bitcoin cycle, based on historical chart patterns combined with the presence of spot Bitcoin exchange-traded funds (ETFs).

For the first time in cryptocurrency history, the price of Bitcoin reached a new all-time high above $73,600 on March 13, before the halving. Historically, Bitcoin's price hit new highs between 518 and 546 days after past halvings.

The pre-halving all-time high, along with institutional inflows from the ten U.S. spot Bitcoin ETFs, has created the "most bullish setup" for Bitcoin, according to Sukhveer Sanghera, founder and CEO of Earth Wallet. #bitcoinhalving #Cryptocurrencies #BTC🔥🔥🔥🔥🔥🔥 #bitcoinhalvingn #Altcoinseason2024