Bitcoin (BTCUSD) - 18th February 2025 | @ 733 Hours (~ 30 Days)
'C' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 733 hours (~ 30 days) over 7 iterations since July 25th, 2024. Currently peaking
ΣL Cycle Summary
The most recent ‘up leg’ of this cycle has been tediously weak. In fact the volatility is probably the lowest on record for Bitcoin. What are some of the drivers behind this apparent flat-lining from a spectral analysis perspective? Well, the most coherent we can note is two waves interacting with each other at nearly opposite phase. The two components in question here are the ~ 80 day wave and the ~ 30 day wave, the subject of this report. Whilst the smaller wave has been in it’s up phase, the longer (and theoretically more powerful) wave has been peaking. The net effect is to create sideways price action, a zone of uncertainty or indecision. What we anticipate next is bearish price action as both these components start to move together (being in phase), downwards. This signal just about maintains a ‘C’ rating and inclusion on Sigma-L, we will continue to monitor it’s power until the next trough, due early-mid March, as detailed below.