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Jake Wujastyk, founder and CEO at TrendSpider, reports that Bitcoin has broken out through the diagonal trend zone, suggesting a potential start to a new upward movement.
The comment highlights ongoing momentum in the BTCUSD market.
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Wujastyk has recently commented on trends in other markets. He observed an ongoing interest in ONDS stock and considered seeking a larger position at a lower price in his analysis of drone sector shares. In a separate note on MSFT, he highlighted an inverse head and shoulders pattern on the daily chart.