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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.