Bitcoin (BTCUSD) - 1st May 2025 | @ 84 Days | + 8.67%
Last trade: + 8.67% | 'B' class signal detected in Bitcoin (BTC/USD). Running at an average wavelength of 84 days over 13 iterations since May 2022. Currently peaking
ΣL Cycle Summary
Some clarity appears to have returned to the medium length cycles in Bitcoin as power has consolidated around this 80 day area. The previous burst of what we thought was transitory power around 60 days has now diminished, this signal receives an upgrade to a ‘B’ category as a result. With the smaller cycle around 30 days also peaking any remaining upside here will be the result of larger cycles. If there is very little and we see a substantial retrace, we can reasonably assume larger cycles are pushing down. A more restrained retrace or sideways price action into June will indicate a larger cycle is influencing price and has troughed in early April.
Trade Update
Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous report for this instrument, linked below.
Type: Buy - Bitcoin 24th March 2025
Entry: 24th March 2025 @ 87523.62
Exit: 1st May 2025 @ 95111.40
Gain: 8.67%