Bitcoin has entered a sensitive period after a long downward trend. According to some macroeconomic indicators and on-chain data, the possibility of a strong recovery stands out. Many market analysts estimate that the price may undergo a recovery that will last for several months.
US Production Index Rise and Bitcoin Relationship
The Manufacturing Purchasing Managers Index (PMI) announced by ISM in the USA pointed out growth for the second consecutive time in February 2026. The value of the index was measured as 52.4 percent and it was reported that the three-year contraction had ended. While market expectations were exceeded positively, the rise of the index stood out as a positive signal in terms of investors’ risk appetite. It is stated that this situation may pave the way for new funds to turn to the Bitcoin market.
Analyst Joe Consorti points out the historical correlation between the index in question and the Bitcoin price. Consorti emphasized that current data creates the environment for a trend reversal.
Joe Consorti points out that such index increases have coincided with the early stages of Bitcoin bullish cycles in the past.
Inter-Exchange Flow Index (IFP) Shows Market Sentiment
It was stated that the Inter-Exchange Flow Pulse (IFP) indicator, developed by the cryptocurrency analysis platform CryptoQuant and measuring Bitcoin’s transfers between spot and derivative exchanges, will soon show significant activity. Market analyst CW states that a “golden intersection” is likely to occur soon in this indicator.
The IFP shows that a large amount of Bitcoin is moving to derivative exchanges, creating a bullish trend in the market. In this case, investors tend to open more long positions in derivative markets. Conversely, a significant transfer of coins from derivative exchanges to spot exchanges indicates a downward trend and indicates a period in which investors are risk averse.
Analyst CW argued that a “golden intersection” is approaching on Bitcoin’s IFP indicator and that prices may rise again after a year-long correction process.
Five Red Monthly Candles Closing in a Row and Historical Selling Movements
Bitcoin made a monthly red candle close for the fifth consecutive month in February 2026. Only once in history has a six-month red closing chain been seen, in 2018-2019. In this previous period, it was recorded that the price increased for five consecutive months and rose by more than 300 percent.
The current sales pressure, which has been experienced for five consecutive months, has led to comments that sales may be running out in the market. Historical data indicate that strong purchases will come to the fore after such long series of declines.
Satoshi Flipper stated that after five or six months of red closings, the main part is behind and the positive movement area is ahead.
In addition to historical data, a current report published by BeInCrypto also states that Bitcoin may have entered a bottom zone. Despite this, some analysts state that the price still has the possibility of a deeper decline. Price movements in March are expected to be shaped according to whether the $ 62,300 support will be maintained or the $ 79,000 resistance will be overcome.
