The US economy’s health metric hits its highest score since August 2022, with the ISM Manufacturing PMI reaching 52.6 in January. This could indicate a turnaround for Bitcoin, currently trading at $78,000, as historically, Bitcoin price changes have closely mirrored manufacturing index movements. Investors watch the ISM score closely to assess economic strength and inflation risks.

Bitcoin analysts believe the strong ISM reading may signal a shift to “risk-on conditions,” historically leading to Bitcoin rallies. However, some caution that Bitcoin doesn’t always correlate with the manufacturing index. Despite recent turbulence, price predictions for Bitcoin vary widely, with estimates ranging from above $150,000 to as low as $50,000 by the end of 2026.

Institutional investors have differing opinions on Bitcoin’s performance in 2026. Dragonfly predicts Bitcoin trading above $150,000, while Fundstrat suggests a retracement before setting a new high. Galaxy Digital declines to make a prediction due to expected volatility, stating Bitcoin could end up anywhere between $50,000 and $250,000.

Read more at Cointelegraph: ISM Manufacturing PMI Rise is Bullish For Bitcoin