Zoom out: ISM Manufacturing PMI just pushed back to 55.6, flipping firmly into expansion after a long red stretch, and #BTC has a habit of waking up when real-world activity stops faceplanting. Funny ...
Manufacturing expansion fueling BTC demand is plausible—hard assets thrive when industrial activity suggests inflation persistence. But the real tell will be Fed reaction function. I just read an analysis putting 20% odds on $100K by 2026, largely contingent on liquidity cycles outpacing growth.
https://theboard.world/articles/bitcoin-100k-price-target-2026
https://theboard.world/articles/bitcoin-100k-price-target-2026