Morgan Stanley: Bitcoin has entered the "autumn" phase, investors advised to harvest profits
ChainCatcher news, according to Cointelegraph, Morgan Stanley strategists stated that the cryptocurrency market has entered the "autumn" phase of bitcoin's four-year cycle, urging investors to harvest profits before a potential winter arrives.
Denny Galindo, investment strategist at Morgan Stanley Wealth Management, said in a podcast that historical data shows bitcoin price cycles follow a "three rises, one fall" pattern. He stated: "We are now in autumn, and autumn is the time to harvest, so profits should be taken. But the controversy lies in how long this autumn will last and when the next winter will begin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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