In a wireless sensor network (WSN), saving power is a vital requirement. In this paper, a simple point-to-point bike WSN was considered. The data of bike parameters, speed and cadence, were monitored and transmitted via a wireless communication based on the ZigBee protocol. Since the bike parameters are monitored and transmitted on every bike wheel rotation, this means the sensor node does not sleep for a long time, causing power consumption to rise. Therefore, a newly proposed algorithm, known as the Redundancy and Converged Data (RCD) algorithm, was implemented for this application to put the sensor node into sleep mode while maintaining the performance measurements. This is achieved by minimizing the data packets transmitted as much as possible and fusing the data of speed and cadence by utilizing the correlation measurements between them to minimize the number of sensor nodes in the network to one node, which results in reduced power consumption, cost, and size, in addition to simpler hardware implementation. Execution of the proposed RCD algorithm shows that this approach can reduce the current consumption to 1.69 mA, and save 95% of the sensor node energy. Also, the comparison results with different wireless standard technologies demonstrate minimal current consumption in the sensor node.