ISM PMI New Release: October 55.5 ↑ from 54.5 — Beat Forecast ~54.5 Last cycle BTC bottomed in Nov 2022 near $16k while ISM sat at 49, then kept falling to 46 as Bitcoin turned higher. This cycle we’re already at 55.5 and accelerating. For crypto this reinforces the case that the low is already in and the expansion phase is underway.
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