Bitcoin Debate Heats Up as US PMI Hits Strongest Expansion Since 2022
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US PMI 54.5 (strongest expansion since 2022) supports a bullish macro case for Bitcoin, indicating business-cycle expansion can coincide with crypto rallies. Analyst Plan C notes Bitcoin has never completed a full bull market while PMI < 50, challenging the four-year cycle narrative and suggesting PMI-driven momentum may matter more for price. Rising inflation and costs remain a downside risk, but sustained business optimism boosts adoption and market tailwinds for crypto.
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- Bitcoin bull cycles align with PMI expansion, weakening four-year cycle narrative.
- US PMI at 54.5 signals strong growth, supporting a bullish macro outlook for Bitcoin.
- Rising inflation and costs persist, yet business optimism sustains expansion momentum.
Bitcoin’s macro narrative continues to gain traction as fresh economic data strengthens the business cycle argument. Recent commentary from analyst Plan C highlights a critical historical pattern.
He argues Bitcoin has never completed a full bull market while the Purchasing Managers’ Index stayed below 50. Consequently, current expansionary signals challenge widespread expectations of a deep correction and reinforce a structurally bullish outlook.
Business Cycle vs. Market Myths
Plan C pushes back against the popular four-year cycle narrative. Instead, he ties Bitcoin’s trajectory to broader economic …
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