🔔US Manufacturing PMI Surpasses 50 for First Time in Three Years, Analysts Divided on Bitcoin's Future Direction According to Mars Finance, the US ISM Manufacturing PMI surpassed 50 in January, ending its contractionary trend 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 trading logic, and such macroeconomic environments have historically been associated with Bitcoin bull markets. Michaël van de Poppe stated that the PMI returning above 50 signifies the end of a long-term bear market, and he expects the cryptocurrency market to experience its final bull run over the next 1 to 3 years. Titan of Crypto, however, noted that while Bitcoin rallied after the PMI rose above 50 in 2013, 2016, and 2020, the current PMI shows a bearish divergence from Bitcoin prices, suggesting the outcome may be different this time.