Morgan Stanley is warning Bitcoin investors that the market may be entering its “fall season” — a phase where profits should be taken before the next downturn.<br /><br />According to strategist Denny Galindo, who spoke on the bank’s Crypto Goes Mainstream podcast, Bitcoin’s historical pattern follows a three-up, one-down rhythm — and right now, we’re in the “fall” stage.<br /><br />Bitcoin tapped $105,000 before pulling back below $104,000, sparking renewed debate over whether the rally has more room to run. Galindo says investors should think of this as a time to “harvest gains” while the market remains strong.<br /><br />Meanwhile, Michael Cyprys, Morgan Stanley’s head of U.S. brokers and asset managers research, said institutional interest remains firm. He highlighted that U.S. spot Bitcoin ETFs now manage over $137 billion, while Ether ETFs hold $22.4 billion, showing continued Wall Street appetite despite volatility.<br /><br />Technically, Bitcoin faces resistance near $110,000. A breakout could open the door toward $114,000–$116,000, while failure could drag the price back toward $100,000.
