The US PMI has broken through the three-year resistance level, and analysts are divided on its impact on the future of Bitcoin According to Cointelegraph, the US ISM Manufacturing Purchasing Managers' Index (PMI) unexpectedly rebounded above 50 in January, marking the first time since mid-2022. This data has sparked divergent opinions among analysts regarding the "re inflation" trading and its impact on Bitcoin prices. Andre Dragosch, Head of European Research at Bitwise, believes that the rebound in PMI is the result of significant increases in gold and silver prices, indicating the formation of a "re inflationary" environment, which has historically been accompanied by bull markets in Bitcoin. Trader Micha ë l van de Poppe pointed out that the PMI has broken through 50 for the first time in three years, but this is not good for the business cycle and Bitcoin; Previously, the rise of Bitcoin was mainly attributed to the liquidity brought by ETFs, and the market is only now beginning to truly react. However, trader Titan of Crypto holds a different view. He compared PMI data with Bitcoin price trends and pointed out that when PMI rebounded above 50 in 2013, 2016, and 2020, Bitcoin showed a hidden bullish divergence, followed by a bull market; However, this PMI rebound was accompanied by a conventional bearish divergence. He believes that having the same indicators but different structures may lead to different results. The current data depicts an uncertain path for US inflation, and the market is concerned that inflation may rise again in 2026.