Bitcoin Cycle Length May Expand: Manufacturing PMI’s History Hints at it

New data suggests that the length of Bitcoin’s market cycles may extend further due to a historical trend observed in the U.S. manufacturing Purchasing Managers’ Index (PMI). According to Cointelegraph, the ISM’s manufacturing PMI has previously mirrored significant peaks in Bitcoin price movements, with analysts like Raoul Pal and Colin Talks Crypto highlighting this connection. Past peaks coincide with cyclical highs of the PMI, hinting at a potential longer-than-usual cycle for Bitcoin.