The rise and fall of the manufacturing index from mid-2020 through 2023 closely mirrored Bitcoin and the broader crypto market’s price movements over the same timeframe.
Bitcoin flashed a major discount signal after capital outflows increased following BTC’s abrupt drop below $75,000. Historical data now points to a potential 10% rebound rally in the short-term.
Bullish traders finally showed up to buy the dip in Bitcoin and altcoins as they fell to new 2026 lows, but selling at the intraday range highs may prove that the market correction is far from over.