Bitcoin (BTCUSD) - 13th February 2025 | @ 84 Days
'C' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 84 days over 12 iterations since May 2022. Currently peaking
ΣL Cycle Summary
Were it not for a faster cycle around 60 days being evident in this sample, the dominant wave in Bitcoin below wavelengths less than 100 days would easily be identified as ~ 80 days. It would likely also be assigned an ‘A’ category signal by our system. However, since early 2024 we have seen some significant modulation to the faster frequency, shown most starkly in the high pass filter below. This has led some prominent analysts to identify a ‘60 day cycle’ in Bitcoin. While this is conveniently true for 2024 and easily identified via our time frequency analysis, the underlying dominant wave is, in our opinion, around 80 days, such is it’s stationarity over time. These two waves combine to produce higher volatility and power, also clearly seen on the high pass filtered price below.
Crucially, both these component are now looking bearish with the longer wave within the peaking zone and the shorter wave phased as moving down. This signal receives a ‘C’ rating due to the modulation.