Morgan Stanley Report: The Crypto Bear Market May Be Over, and a Bull Market May Be Coming Soon

ChainCatcher news, Morgan Stanley Wealth Management stated in an article on its website: "According to current data, there are signs that the cryptocurrency winter may be over, and spring may be on the way."

Morgan Stanley pointed out that in previous crypto bear markets, Bitcoin's bottom occurred 12 to 14 months after the peak; it reached an all-time high of about $68,000 in November 2021 and bottomed out a year later. Strategist Denny Galindo wrote: "A 50% rise in Bitcoin price from the low is usually a good sign, indicating that it has hit the bottom." So far this year, Bitcoin has risen 70%, up 77% from last year's low. Additionally, the magnitude of Bitcoin's decline is also significant; in previous cycles, its price low fell about 83% from the previous high.

The report stated that most of Bitcoin's gains occur directly after the halving, and this "bull market cycle begins with the halving event and ends when Bitcoin's price reaches the previous peak." The report also added: "Since Bitcoin's inception, there have been three such bull markets, each lasting 12 to 18 months."