#Bitcoin & The business cycle are intertwined!
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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.
Сделка активна
PMI pumped Bitcoin Pumped
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PMI needs juicing FED needs to lower rates agressively
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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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escaping the purple box
for the banana zone
r u ready?
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