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James Examine, who stands because the lead on-chain analyst at Glassnode, asserts that the market is transitioning from the previous “enthusiastic bull” part to what he phrases the “euphoric bull” part.
- The enthusiastic bull part began in October 2023.
- It concluded after Bitcoin reached an all-time excessive of over $67,021 in March.
In anticipation of the subsequent part, Examine predicts an increase in pleasure amongst traders. there may even most likely be elevated volatility. He expects heightened media protection of Bitcoin to drive up demand, resulting in a continued uptrend till provide dynamics intervene.
With traders eagerly eyeing the market’s subsequent strikes, Examine’s insights present priceless perspective.
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