James Check, lead on-chain analyst at Glassnode, predicts that the crypto bull market is entering its second and final phase, characterized by euphoria and significant price movements. In an exclusive interview with Cointelegraph, Check explains that the initial phase, known as the enthusiastic bull, began in October 2023 and concluded when Bitcoin (BTC) reached an all-time high in March. He anticipates that the next phase will see a surge in excitement, accompanied by higher volatility. Check believes that increased media coverage of Bitcoin will drive up demand, leading to price increases until supply is able to meet it. He highlights that this bull market has been particularly strong, with fewer significant corrections compared to previous rallies. Check suggests that the market’s ability to quickly find support is a positive indication for Bitcoin’s future. For more insights on the next phase of Bitcoin’s bull market, watch the full interview on Cointelegraph’s YouTube channel and subscribe for updates.
On-chain analyst predicts imminent commencement of second phase in crypto bull market.