BTCUSD | Manufacturing PMI Drops and is Short of Forecasts
Manufacturing sentiment data for April has fallen lower to 52.8 which is toward contraction territory (below 50), failing to meet industry forecasts of around 54.7. Currently forecasts for May are hovering around 53.6, but this would only be a bounce within the overall downtrend and actual data may be lower.
What does this mean? BTC prices are likely to sink lower as BTC manufacturers (miners) continue to express negative sentiment which may translate into negative prices. Also see this idea:
What does this mean? BTC prices are likely to sink lower as BTC manufacturers (miners) continue to express negative sentiment which may translate into negative prices. Also see this idea:
