ISM Manufacturing PMI suggests Bitcoin cycle may extend beyond historical norm

The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers’ Index (PMI) has historically aligned with major peaks in Bitcoin's market cycles, a pattern noted by analysts like Raoul Pal and Colin Talks Crypto. If this relationship continues, it implies the current Bitcoin cycle could extend beyond its typical duration. The ISM PMI, which measures US industrial activity, has been in contraction (below 50) for seven consecutive months. A sustained move above 50 signals renewed economic expansion, historically linked to stronger BTC performance. US manufacturing struggles due to factors like tariffs and weak global demand, which may be prolonging the business cycle rather than accelerating it. Despite manufacturing weakness, ISM suggests a PMI reading above 42.3 generally corresponds with broader economic growth.

(Source：Cointelegraph)