Crypto News Morgan Stanley: Crypto Winter “May Be in the Past”

Crypto News Morgan Stanley: Crypto Winter “May Be in the Past”

Morgan Stanley Wealth Management has suggested that the “crypto winter may be in the past and that crypto spring is likely on the horizon.” The investment manager notes that the trough of Bitcoin (BTC) in previous crypto winters has occurred 12 to 14 months after the peak. With Bitcoin reaching an all-time high of around $68,000 in November 2021 and bottoming out a year later, a 50% increase in price from Bitcoin’s low is typically a good sign that the trough has been achieved. The world’s largest cryptocurrency has risen over 77% from last year’s lows. The magnitude of the Bitcoin drawdown is also important, the wealth manager said, noting that previous price troughs were about 83% off their respective highs. The post also highlights the impact of halving events, which have historically triggered bull runs lasting 12 to 18 months.