#Bitcoin & The business cycle are intertwined!
Updated
In the bottom pane is the US Purchasing managers index number
a number below 50 ( and nearly all the time below 47) means a recession/ economic slowdown is looming.
But as you can see on the rebound , as the PMI number moves above 50 and back into a expanding economy
we have seen it coincide with the great bitcoin bull markets.
Let's hope this trend continues.
a number below 50 ( and nearly all the time below 47) means a recession/ economic slowdown is looming.
But as you can see on the rebound , as the PMI number moves above 50 and back into a expanding economy
we have seen it coincide with the great bitcoin bull markets.
Let's hope this trend continues.
Trade active
PMI pumped Bitcoin Pumped
Comment
Comment
PMI needs juicing FED needs to lower rates agressively
Comment
That purple box of consolidation of 154 weeks runs to Monday, 21 October 2024we were not supposed to have broken out yet per the 4 year cycle
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