Bitcoin Analyst Plan C Says Manufacturing PMI Above 50 Confirms Bull Market
BeInCrypto
Analyst Plan C argues that US manufacturing growth signals a Bitcoin bull market, downplaying concerns based solely on the four-year halving cycle.Summary
Bitcoin researcher Plan C suggests that the US Manufacturing Purchasing Managers Index (PMI) rising above 50 indicates the start of a true Bitcoin bull market. He argues that market cycles are driven by macroeconomic business conditions rather than the four-year halving cycle. While manufacturing data shows expansion, some analysts remain cautious, citing potential weaknesses in ETF demand and historical instances where PMI and Bitcoin prices diverged.
(Source：BeInCrypto)