As mentioned on the ‘Next Money’ podcast, we can see Bitcoin is in a bullish trend right now. I’d like to see a correction before taking a new position at these prices.

If you look at the Ichimoku cloud analysis daily price chart below, you can see there is a widening gap between the Kijun-sen (base line) and the Tenkan-sen (conversion line). It’s better to wait for a more opportunistic trading opportunity.

- Xbit Strategy Team