Bitcoin Price Eyes $82,000 as Morgan Stanley Strategist Says Most of Correction Is Over

Bitcoin is working to reestablish support at the $80,000 level, even as a Morgan Stanley strategist suggests the bulk of the cryptocurrency's recent correction may have already run its course. The strategist's view comes at a time when Asian and US technology stocks are extending a rebound into a crucial period of corporate earnings releases, offering a potentially supportive backdrop for risk assets like Bitcoin. The digital asset has been attempting to stabilize after a volatile stretch, and market participants are watching whether it can push toward the $82,000 mark in the near term. The strategist's assessment adds a notable institutional voice to the debate over whether the worst of the selling pressure is behind Bitcoin. With earnings season underway, stronger-than-expected results from major tech companies could bolster investor confidence and provide further momentum for cryptocurrencies. However, Bitcoin's ability to hold above $80,000 will be key, as a failure to do so could invite renewed selling. For now, the market is balancing cautious optimism with technical levels, and the next move may hinge on broader risk sentiment.