Is Bitcoin Gearing Up for a Year End Bull Run? Share your views!
Morgan Stanley Wealth Management suggests that the "crypto winter may be in the past and that crypto spring is likely on the horizon." Historical data indicates that previous crypto winters have typically seen Bitcoin's low point occur around 12 to 14 months after the peak. With Bitcoin reaching an all-time high of around $69,000 in November 2021 and bottoming out a year later, a 50% increase from the low is seen as a positive sign. Bitcoin has risen 70% year-to-date and 77% from last year's lows. The report also underscores the historical impact of halving events, which have often triggered bull runs lasting 12 to 18 months.
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