ΣL Bitcoin Composite - 13th October 2023 | @ 89 Days

Last trade: + 5.37% | 'B' class signal detected in Sigma-L Bitcoin Composite (BTC vs USD/EUR/GBP). Average wavelength of 89 days over 10 iterations since June 2021. Currently peaking.

ΣL Cycle Summary

The only periodic component of real note in Bitcoin, since November 2022, has been the wave around 88 days average wavelength. Larger components have heavily diminished power over the period and this has allowed the wave detailed here to become more apparent. Indeed the lack of power at the larger waves has contributed to cryptocurrency becoming a relatively stable asset compared to some over the last 12 months! No doubt the larger components will once again exert influence in time but for now, this component is due a peak, according to the current phasing.