Bitcoin is either about to see another price peak or is at the start of a new bullish price cycle, says Morgan Stanley's Sheena Shah.
It's altcoin season, as they say in crypto, and that could mean a bitcoin price peak is imminent, according to Morgan Stanley. During altcoin season, investor attention shifts away from bitcoin to smaller and newer coins in which they see high potential for profit. They usually have little or no intrinsic value and rely on secondary marketplace listings. "Speculative activity has returned to some parts of the crypto market," said Morgan Stanley analyst Sheena Shah.
" Bitcoin price peaks both large and small have in recent years coincided with increases in speculative token listings, she said, highlighting April and November 2021 and March and August 2022. Throughout 2021 bitcoin's price had an inverse relationship with the pace of new token listings, according to Shah.
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