Bitcoin Warning From Morgan Stanley

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.

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.

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.

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.

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.