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
2 years ago
Made with AI
Tier I
Sector: #18291
Sealed Cache Room
Resource Cache
Tier I
Meme Cache
Tier I
Equipment Cache
Tier I
After collecting, caches will be stored in your inventory and can be opened with Keys.
Tier I
Sector: #18291
25%
50%
75%
100%
Tier II
Survivors rescued:
0 / 600
Survivors
0/0
Other news
Zcash's Impressive Market Performance and ETF Launch
Zcash has experienced a remarkable price increase, gaining over 2,300% in the past year, aided by the launch of Grayscale's Zcash ETF.
Zcash Surpasses $1,000 Mark, Achieving New All-Time High
Zcash's price broke above $1,000 for the first time in nearly a decade, marking a significant milestone in its market performance.
Trezor Implements New Security Measures After Data Breach
Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.
Data Breach Affects 67,000 Trezor Customers
A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.
BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration
BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.
BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens
BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter