On-chain analyst James Check forecasts the beginning of the second phase of the crypto bull market. This announces a period of heightened price movements.
James Check, who stands as the lead on-chain analyst at Glassnode, asserts that the market is transitioning from the preceding “enthusiastic bull” phase to what he terms the “euphoric bull” phase.
- The enthusiastic bull phase started in October 2023.
- It concluded after Bitcoin reached an all-time high of over $67,021 in March.
In anticipation of the next phase, Check predicts a rise in excitement among investors. there will also probably be increased volatility. He expects heightened media coverage of Bitcoin to drive up demand, leading to a continued uptrend until supply dynamics intervene.
With investors eagerly eyeing the market’s next moves, Check’s insights provide valuable perspective.
