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        "rendered": "ISM Manufacturing PMI at 40-month high: Analysts say BTC could benefit"
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        "rendered": "<div data-testid=\"html-renderer-container\">\n<p>A metric tracking the health of the US economy has just posted its highest monthly score since August 2022, and crypto analysts say it could signal a turnaround for Bitcoin, which is trading at $78,000.<\/p>\n<p>The Institute for Supply Management (ISM) Manufacturing Purchasing Managers\u2019 Index (PMI), a measure of manufacturing activity in the US, recorded a score of 52.6 in January, beating the market consensus of about 48.5 and ending 26 consecutive months of economic contraction, ISM <a href=\"https:\/\/www.ismworld.org\/globalassets\/pub\/research-and-surveys\/rob\/pmi\/wolf202601pmi.pdf\" rel=\"noopener nofollow\" target=\"_blank\">stated<\/a> in a report on Monday.<\/p>\n<p>The index score is a closely watched metric by investors and the Federal Reserve in assessing economic strength, inflation risks, and whether to tighten or ease monetary policy.\u00a0<\/p>\n<p>A score above 50 indicates the economy is expanding, while a score below 50 indicates it is contracting. The last time the ISM reading was above 52.6 was in August 2022.\u00a0<\/p>\n<figure>    <img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2026-02\/019c20eb-e060-76ca-9478-66c86d0c20f9.png\" title><figcaption><em>ISM Manufacturing Purchasing Managers\u2019 Index since Jan. 2016. Source: <\/em><a href=\"https:\/\/tradingeconomics.com\/united-states\/business-confidence\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/tradingeconomics.com\/united-states\/business-confidence\"><em>Trading Economics<\/em><\/a><br \/><\/figcaption><\/figure>\n<p>Bitcoin analysts say the strong ISM reading could signal a turnaround for Bitcoin after it hit a 10-month low of $75,442 on Monday.<\/p>\n<p>Data show that the rise and fall of the manufacturing index from mid-2020 to 2023 closely mirrored Bitcoin\u2019s (<a href=\"http:\/\/cointelegraph.com\/bitcoin-price\">BTC<\/a>) price changes over the same period.<\/p>\n<p data-ct-non-breakable=\"undefined\">\u201cHistorically, these PMI reversals mark the shift to risk-on conditions,\u201d Strive\u2019s vice president of Bitcoin strategy, Joe Burnett, <a href=\"https:\/\/x.com\/IIICapital\/status\/2018353225376702689\" rel=\"noopener nofollow\" target=\"_blank\">said,<\/a> pointing out that Bitcoin has rallied after rises in the manufacturing output index score in 2013, 2016, and 2020.<\/p>\n<p>Pseudonymous Bitcoin analyst, Plan C, <a href=\"https:\/\/x.com\/TheRealPlanC\/status\/2018376355260383613\" rel=\"noopener nofollow\" target=\"_blank\">added<\/a>: \u201cIf you don&#8217;t upgrade your understanding of the Bitcoin cycle from the 4-year halving mirage mindset to a business cycle \/ macro mindset fast&#8230; You will miss the boat completely on the second massive leg of this Bitcoin bull market!\u201d<\/p>\n<p><template data-ct-widget=\"buzzsprout\" data-buzzsprout-podcast-id=\"2040516\" data-buzzsprout-episode-id=\"18190687\"><\/template><\/p>\n<p>On the other hand, Into The Cryptoverse founder and CEO Benjamin Cowen <a href=\"https:\/\/x.com\/intocryptoverse\/status\/2018401594799206718\" rel=\"noopener nofollow\" target=\"_blank\">noted<\/a> that Bitcoin doesn\u2019t always move in lockstep with the manufacturing index, adding that &#8220;Bitcoin is not the economy.&#8221;<\/p>\n<p data-ct-non-breakable=\"undefined\">The ISM Manufacturing PMI fell or remained flat across several months last year while Bitcoin rose toward its $126,080 high.<\/p>\n<h2>BTC price predictions are far and wide<\/h2>\n<p>Bitcoin has seen a turbulent few months since the <a href=\"https:\/\/cointelegraph.com\/news\/eth-bnb-doge-surge-crypto-recovers-flash-crash\" title=\"https:\/\/cointelegraph.com\/news\/eth-bnb-doge-surge-crypto-recovers-flash-crash\">Oct. 10<\/a> liquidation event, when over $19 billion in leveraged crypto positions were suddenly liquidated from the ecosystem.<\/p>\n<p data-ct-non-breakable=\"undefined\">At its current price, Bitcoin is down <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-fire-sale-value-as-capital-flows-capitulate-bitwise\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-hits-fire-sale-value-as-capital-flows-capitulate-bitwise\">nearly 38%<\/a> from its October high, while precious metals and the stock market have mostly trended upward, prompting a fall in Bitcoin market sentiment.<\/p>\n<p data-ct-non-breakable=\"undefined\">Institutional investors have varying opinions on how Bitcoin would fare in 2026.<\/p>\n<p data-ct-non-breakable=\"undefined\"><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/4-reasons-why-75k-may-have-been-bitcoin-s-2026-price-bottom\"><em><strong>4 reasons why $75K may have been Bitcoin\u2019s 2026 price bottom<\/strong><\/em><\/a><em><strong>\u00a0<\/strong><\/em><\/p>\n<p data-ct-non-breakable=\"undefined\">In a 2026 prediction report, crypto venture capital firm Dragonfly said Bitcoin would <a href=\"https:\/\/cointelegraph.com\/news\/tech-giants-google-apple-meta-launch-crypto-wallet-2026\">trade above $150,000<\/a> by the end of the year, while Fundstrat research head Tom Lee on Jan. 20 tipped <a href=\"https:\/\/cointelegraph.com\/news\/fundstrat-lee-sees-tough-start-market-prices-2026\">Bitcoin would retrace further<\/a> before making a late-stage comeback and set a new high.<\/p>\n<p data-ct-non-breakable=\"undefined\">Galaxy Digital took a pass on making a prediction and<a href=\"https:\/\/www.galaxy.com\/insights\/research\/predictions-2026-crypto-bitcoin-defi\" rel=\"noopener nofollow\" target=\"_blank\"> said<\/a> 2026 would be \u201ctoo chaotic\u201d to even guess, saying Bitcoin could end up anywhere between $50,000 and $250,000.<\/p>\n<p><em><strong>Magazine: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/magazine\/crypto-generational-wealth-transfer-nansen-alex-svanevik\/\"><em><strong>A \u2018tsunami\u2019 of wealth is headed for crypto: Nansen\u2019s Alex Svane<\/strong><\/em><\/a><\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p>Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy <a href=\"http:\/\/cointelegraph.com\/editorial-policy\">https:\/\/cointelegraph.com\/editorial-policy<\/a><\/p>",
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