BitcoinWarrior

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A Rumor Helps Bitcoin Break Out, New Data Shows Weakening Business Spending

To gain an edge, this is what you need to know today. Bitcoin Breaks OutPlease click here for an enlarged version of the chart of Bitcoin Futures. Note the following: The chart shows bitcoin (CRYPTO: BTC) broke out.RSI on the chart shows bitcoin has room to run. The severely overbought condition in bitcoin has been relieved by bitcoin being range bound for a few days.There is no resistance for bitcoin between here and $65,000.The rise in bitcoin seems to be triggered, in part, by a rumor that Microsoft Corp (NASDAQ: MSFT) will start supporting bitcoin in its products. In The Arora Report analy…