U.S. Manufacturing PMI Breaks Above 50 for First Time in Three Years, Analysts Divided on Bitcoin's Subsequent Trend

Odaily News: The U.S. ISM Manufacturing PMI data for January broke above 50, ending the contraction trend that lasted throughout 2025 and reaching its highest level since 2022. Andre Dragosch, Head of European Research at Bitwise, stated that the surge in PMI data aligns with the reflation trade logic, and such macro environments have historically been associated with Bitcoin bull markets. Michaël van de Poppe noted that the PMI's return above 50 marks the end of a long-term bear market, and he expects the cryptocurrency market to enter its final bull run over the next 1 to 3 years. Titan of Crypto, however, pointed out that although Bitcoin prices rose following the PMI climbing above 50 in 2013, 2016, and 2020, there is currently a bearish divergence between the PMI and Bitcoin prices, suggesting this outcome might be different.