The recent surge of US PMI surpassing 50 signals a potential shift in market trends, yet perspectives on its implications for Bitcoin vary. Michaël van de Poppe forecasts a positive Bitcoin view in the next 1-3 years based on predicted market conditions.
Despite the historical correlation between PMI and Bitcoin’s price, a hidden bearish divergence has emerged, prompting caution among experts. As market dynamics evolve, traders remain vigilant about the potential for significant shifts in Bitcoin’s performance.
Leave a Reply