Why Bitcoin Isn’t Booming Yet After the 2024 Halving — And What Comes Next
The 2024 Bitcoin halving, which took place in April, reduced the block reward for miners and was expected to trigger a strong bull run. However, Bitcoin has not shown explosive growth immediately after the event. This is actually normal — in past cycles, the major bull rally typically began 3 to 9 months after halving, not right away. We're still in the accumulation phase, where smart investors are quietly buying while the market moves sideways.
Another reason for the slow momentum is profit-taking. Bitcoin hit an all-time high of around $73K before the halving, so many traders locked in profits early. This creates selling pressure whenever Bitcoin rises, which prevents sustained upward movement. Combined with global economic uncertainty and high interest rates, investor confidence remains cautious, slowing down bullish momentum.
Additionally, while Bitcoin ETFs brought huge investments in early 2024, their inflows have recently slowed. Institutional investors may be waiting for clearer economic signals before entering again. On-chain data shows that whales are accumulating Bitcoin, but not in a way that causes immediate price spikes—they're being strategic, not aggressive.
Technically, Bitcoin faces strong resistance around the $114K–$115K level. Until it breaks above that range with high trading volume, it may continue to consolidate. Despite this, many analysts still expect a major rally in the second half of 2025, with predictions ranging from $135K to $200K. In short, the market is likely in a quiet buildup phase before a major move begins.