The crypto bull market is on the verge of entering its second and final stage, which will be characterized by a sense of euphoria and significant price movements, according to James Check, the lead on-chain analyst at Glassnode.
In an exclusive interview with Cointelegraph, Check explained that they are transitioning from the initial phase of an enthusiastic bull market, which began in October 2023 and concluded after Bitcoin (BTC) reached its all-time high in March.
Check predicts that the next phase will be marked by a growing excitement among investors, leading to increased volatility. As Bitcoin receives more media coverage, the demand for it will rise. However, Check mentioned that the price will continue to climb until the supply increases enough to meet the demand.
He also pointed out that the current bull market is one of the strongest in Bitcoin’s history, as it has experienced smaller corrections compared to previous rallies. This quick recovery indicates a positive trend in the market.
For further insights into the upcoming phase of Bitcoin’s bull market, you can watch the full interview on Cointelegraph’s YouTube channel. Don’t forget to subscribe for more updates!