The lead on-chain analyst, James Check at Glassnode, has predicted that the crypto bull market is on the verge of entering its second and final phase. This phase will be characterized by euphoric sentiments and significant price movements. Check mentioned in an interview with Cointelegraph that from the previous enthusiastic bull phase, which occurred before Bitcoin reached its all-time high in March, we are now transitioning into a more excited and optimistic phase. As interest in Bitcoin grows, volatility is expected to increase due to heightened demand in the market. Check believes that the price will continue to rise until there is enough supply to meet the demand. This current bull market, which has shown minimal corrections so far, is one of the strongest in Bitcoin's history. The market has been quick to provide support during downturns, indicating a positive trend. For further insights on what on-chain analysis reveals about the upcoming phase of the Bitcoin bull market, refer to the full interview video on our YouTube channel.
Second Phase of the Crypto Bull Market on the Horizon
by Giorgi Kostiuk
a year ago
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