NEW YORK / LONDON (IT BOLTWISE) – Recent developments in the ISM Manufacturing PMI could indicate an extension of the current Bitcoin cycle. Historically, the PMI has correlated with the peaks of Bitcoin market cycles, leading analysts to discuss a possible deviation from usual patterns. These changes could have a significant impact on investors and the crypto market as a whole.
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The ISM Manufacturing Purchasing Managers’ Index (PMI) has historically often correlated with the peaks of Bitcoin market cycles. This correlation, first popularized by Raoul Pal of Real Vision, has gained traction among crypto analysts. Analysts such as Colin Talks Crypto have pointed out that all three Bitcoin cycle highs so far have coincided with the cyclical peaks of the PMI.
Currently, the ISM Manufacturing PMI has been below the neutral 50 mark for seven months, indicating a contraction in US industrial activity. A sustained rise above 50 would indicate economic expansion, which has historically been associated with stronger Bitcoin price performance. Earlier in the year, the PMI briefly rose above 50 but fell back into contraction territory, underscoring the continued weakness of the manufacturing economy.
The challenges facing the U.S. manufacturing industry are diverse. High tariffs, uncertain trade policies and weak global demand are weighing on the sector. These factors could lengthen the business cycle rather than speed it up. Despite the weakness, ISM has noted that a sustained reading above 42.3 generally corresponds to growth in the broader economy.
A purchasing manager in the transportation equipment industry reported that business is down sharply due to shrinking profits and high tariffs that have increased costs throughout the supply chain. These developments could suggest that the current Bitcoin cycle could last longer than in the past, which is of interest to investors and market watchers.
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