PANews reported on February 3rd that, according to Cointelegraph, the US ISM Manufacturing Purchasing Managers' Index (PMI) unexpectedly rose above 50 in JanuaryPANews reported on February 3rd that, according to Cointelegraph, the US ISM Manufacturing Purchasing Managers' Index (PMI) unexpectedly rose above 50 in January

US PMI breaks through three-year resistance level; analysts disagree on its impact on Bitcoin's future price.

2026/02/03 20:08
2 min read

PANews reported on February 3rd that, according to Cointelegraph, the US ISM Manufacturing Purchasing Managers' Index (PMI) unexpectedly rose above 50 in January, the first time since mid-2022. This data has sparked differing opinions among analysts regarding the "reflation" trade and its impact on Bitcoin prices. Andre Dragosch, Head of European Research at Bitwise, believes the PMI rebound is a result of significant increases in gold and silver prices, signifying the formation of a "reflation" environment, which historically has often been accompanied by Bitcoin bull markets. Trader Michaël van de Poppe pointed out that while the PMI broke 50 for the first time in three years, this is not necessarily positive for the business cycle or Bitcoin; previous Bitcoin gains were mainly attributed to liquidity from ETFs, and the market is only now beginning to truly react.

However, trader Titan of Crypto holds a different view. He compared PMI data with Bitcoin price movements, pointing out that when the PMI rose above 50 in 2013, 2016, and 2020, Bitcoin exhibited a hidden bullish divergence, subsequently initiating a bull market; while this current PMI rebound is accompanied by a typical bearish divergence. He believes that the same indicator with different structures can lead to different results. The current data paints an unclear picture of the US inflation path, and the market is concerned that inflation may rebound in 2026.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

While Shiba Inu and Turbo Chase Price, 63% APY Staking Puts APEMARS at the Forefront of the Best Meme Coin Presale 2026 – Stage 6 Ends in 3 Days!

What if your meme coin investment could generate passive income without selling a single token? Shiba Inu climbed 4.97% as 207 billion tokens left exchanges. Turbo
Share
Coinstats2026/02/04 03:15
SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI Price Is Down 80%: Price Nears Level Bulls Cannot Afford to Lose

SUI price has quietly slipped into a zone that usually decides everything. Charts show an 80% drop from the peak, yet the market is no longer moving fast. This
Share
Captainaltcoin2026/02/04 03:00