As of November 12, data from iChainfo reveals that Bitcoin has risen by 39% since the start of the current halving cycle. By contrast, Bitcoin saw a 119% increase during the same timeframe in the previous cycle. According to iChainfo's analysis, this relative underperformance suggests that Bitcoin may still be in the early stages of a potential bull market, with room for further growth as the cycle progresses.
The slower price increase compared to previous cycles has led some analysts to speculate that the current rally may only be beginning, with stronger price momentum possibly emerging in later stages of the halving cycle
