Bitcoin Debate Heats Up as US PMI Hits Strongest Since 2022
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. Bitcoins 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 Bitcoins trajectory to broader economic cycles. He notes that previous major rallies aligned with periods of economic expansion. Hence, the latest data support his thesis rather than contradicting it. Moreover, skepticism around a potential 50% correction appears increasingly misplaced. Market structure has evolved significantly over the past decade. Institutional participation, liquidity depth, and macro integration now shape Bitcoin differently. Therefore, comparisons to earlier cycles like 2015 lack relevance in todays environment. United States Manufacturing PMI Signals Strength The latest United States Manufacturing PMI data adds weight to this argument. The index rose to 54.5