Plan C: US Manufacturing PMI Signals Bitcoin Bull Market

Bitcoin researcher Plan C asserts that recent US manufacturing data indicates the onset of a Bitcoin (BTC) bull market. He challenges predictions of a 50% drop towards $50,000, attributing them to reliance on the four-year halving cycle. According to BeInCrypto, the ISM Manufacturing PMI recorded 52.7% in April, marking four consecutive months above 50, while the S&P Global US Manufacturing PMI was revised to 54.5%, its highest since May 2022. Plan C argues that PMI breakouts signal capital rotation into risk assets, emphasizing the importance of manufacturing demand over supply mechanics.