Bitcoin's (BTC) upcoming supply halving, bullish technical setup, and increasing inflows into spot Bitcoin exchange-traded funds (ETFs) suggest that BTC is on the path to a new all-time high. The U.S. Securities and Exchange Commission's approval of spot Bitcoin ETFs in 2024 led to a surge in the price of Bitcoin, Ether (ETH), Solana (SOL), and other cryptocurrencies. As Bitcoin rallied above $50,000, its market capitalization crossed $1 trillion, reflecting a 118% increase over the last 12 months. The next halving event is set to happen in mid-April 2024, and data shows the halving has been a positive factor for the price of BTC. Capital inflows into spot Bitcoin ETFs continue to gain momentum, with a total of $4.5 billion coming into Bitcoin ETFs just over a month since they began trading.