Morgan Stanley sees two signs of a new bitcoin bull run

According to Morgan Stanley, these two indicators may indicate the start of a new bull run for bitcoin.

Morgan Stanley believes that the presence of these two indications may signal the beginning of a fresh bull run for bitcoin. According to the American financial behemoth Morgan Stanley, there are two key factors that could signal the beginning of yet another bull run for the most prominent cryptocurrency.

Morgan Stanley believes that these reasons could produce yet another bull run in the price of bitcoin, which is the most popular cryptocurrency in the world. The analysts at the bank are of the opinion that if the Federal Reserve of the United States were to adopt an expansionary monetary policy, it may be possible for the market to experience another boom.

Those crypto lenders who have been able to stay in business despite the severe catastrophe that was brought on by the collapse of the Terra ecosystem are continuing to give considerable yields. This is despite the fact that the ecosystem was destroyed.

The futures market for cryptocurrencies is still in good form despite the significant drop in price that has occurred. According to Morgan Stanley, the availability of leverage could be an important sign that the bitcoin market is on the verge of experiencing another spike in price.

The analysts at the bank are of the opinion that the upcoming merging upgrade for Ethereum will be the most significant bullish stimulant for Bitcoin and other cryptocurrencies. According to a recent article that was published by U.Today, Mike Novogratz recently made a prediction that it was unlikely that the price of Bitcoin would recover to the level of $30,000 in the near future as a result of the Federal Reserve's rapidly rising rates in order to manage inflation.

The prediction was made in light of the fact that the Fed is rapidly increasing rates in order to manage inflation. Despite this, the prominent investor is of the opinion that the market will have positive growth in the long run. In the meantime, Mike McGlone of Bloomberg recently shared his viewpoint that it was only "a matter of time" before the most popular cryptocurrency will reclaim the level of $100,000. He stated that this opinion was founded on the most recent developments in the market.

Despite this, there are still some investors who believe Bitcoin, the largest cryptocurrency, could eventually reach the $17,000 mark again.