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

Other news
Aave Faces Major Crisis Following Kelp DAO Exploit

Aave is facing a major crisis due to a $293 million exploit at Kelp DAO, leading to a confidence crisis and significant withdrawals.

Aave's Borrowing Activity Collapses Post-Crisis

Aave's borrowing activity has dramatically declined post-Kelp DAO exploit, signaling a lack of confidence in the protocol.

Ethereum Market Sees Shift Towards Derivatives Trading

A significant divergence has been observed in Ethereum trading, with derivatives gaining dominance while spot market volumes decline.

Senate Banking Committee Moves Forward with Warsh's Nomination for Fed Chair

The Senate Banking Committee has advanced Kevin Warsh's nomination to succeed Jerome Powell as Fed chair.

Federal Reserve Maintains Steady Interest Rate Amid Global Economic Concerns

The Federal Reserve maintained its benchmark interest rate steady at 3.5% to 3.75% amid global economic concerns.

CLARITY Act Moves Closer to Senate Vote

The long-awaited CLARITY Act is nearing its final procedural hurdle in the Senate, with a vote expected in May.

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