Bitcoin’s price edges over $53,000 at some exchanges, hinting at a pre-halving market surge. Bitfinex’s Jag Kooner sees this uptick as the start of a trend typically seen before Bitcoin halves.

According to Kooner, such rallies have kicked off around eight weeks ahead of previous halvings, suggesting we might see prices climb higher than ever. Bitcoin’s recent comeback as a trillion-dollar asset, fueled by ETF inflows, seems to back this potential.

Adding to the bullish sentiment, the pressure from sales of Grayscale’s GBTC fund is easing, with ETFs seeing daily inflows between $300 to $400 million, providing solid support for Bitcoin’s value.

Yet, Kooner cautions against taking historical patterns as guarantees for future performance. He points out the intriguing shift in capital flow towards altcoins, particularly into areas like the Solana ecosystem and AI-focused projects, diverging from the usual broad spread across alt markets.

The anticipated Bitcoin halving in April will slash mining rewards from 6.25 BTC to 3.125 BTC, a move designed to limit Bitcoin’s supply and potentially increase its scarcity and value. With the halving drawing near and the market’s current dynamics, the crypto landscape is ripe for developments. Despite a slight dip to $52,056, Bitcoin’s journey ahead remains highly watched.