Bitcoin has exceeded the $70,000 mark, with altcoins reinforcing their essential support levels. This raises the query of whether it is an opportune time to invest in Bitcoin and altcoins. Industry specialists offer the most recent projections and evaluations. On the verge of a crucial Ethereum ETF decision, Bitcoin surged past $70,000, while Ethereum climbed back above $3,700. Bitcoin reached $71,400 on May 20, reaching its highest level in six weeks since April 9. The breakthrough of the $70,000 psychological barrier has increased the funding rate in futures trading to 0.0187%, the highest rate since April 9. The positive change in the funding rate following a month of stagnation indicates a growing investor trust in the persistent upward trend. Another crucial factor supporting this sentiment is the accurate prediction of the inverse head and shoulders pattern by experts. Notable crypto analyst Moustache has continuously predicted further gains for Bitcoin, stressing the significance of acknowledging the inverse head and shoulders formation and stating that altcoins are projected to mimic Bitcoin's rising trajectory. Bitcoin's recent uptrend evokes memories of the surge from $31,000 to $69,000 in July 2021 to November. If similar trends repeat, Bitcoin could reach even greater heights in the near future. Crypto analyst Jelle also drew parallels with the bull run of 2017, highlighting resemblances in the current market's behavior. There has been a noticeable resurgence in net inflows for Spot Bitcoin ETFs in the past two weeks, following three consecutive weeks of outflows. U.S. Bitcoin ETFs witnessed over $200 million in inflows last week and $413 million during the week of May 6, according to Dune. The substantial net inflows for GBTC further enhance market confidence. Investors can derive valuable insights from recent market developments, such as Bitcoin crossing the $70,000 threshold, indicating a strong bullish trend, the improving funding rate in futures trading signaling enhanced market sentiment, the resurgence in ETF net inflows pointing to renewed institutional interest, and the strategic insights offered by monitoring chart patterns like the inverse head and shoulders. These factors collectively suggest a potential continuation of the optimistic trend in the cryptocurrency market.