On-chain analyst predicts imminent commencement of second phase in crypto bull market.

The crypto bull market is on the brink of entering its second and final phase, which will be characterized by a state of euphoria and sharp price movements, as stated by James Check, the lead on-chain analyst at Glassnode.
In an exclusive interview with Cointelegraph, Check mentioned that they are transitioning from the enthusiastic bull phase, which occurred when Bitcoin (BTC) reached its all-time high in March, to the euphoric bull phase.
Check emphasized that during this next phase, people will become increasingly excited, leading to higher volatility. He also mentioned that the increased coverage of Bitcoin in the news will result in a higher demand for it.
He further stated that the price will continue to rise until the supply is able to meet the demand in the market.
Check pointed out that the current bull market has been one of the strongest in Bitcoin’s history, with smaller corrections occurring throughout the rally. He believes that the market’s ability to find support quickly is a positive sign.
To gain a deeper understanding of what on-chain analysis can reveal about the upcoming phase of Bitcoin’s bull market, be sure to watch the full interview on Cointelegraph’s YouTube channel and don’t forget to subscribe!