Where will Bitcoin jump?

Japanese company - GMO Internet will start paying up to 100,000 yen (£660/$890) monthly by Bitcoin to its employees in Japan from February next year. This weekend Bitcoin price jumps higher and it may break 20,000 points. According to Reuters - Russian pipeline giant Transneft, recently had to clear malware from its systems that clandestinely mined the privacy-oriented cryptocurrency monero. XMR made new all-time high above 350USD. The year is crypto-market grow up so fast and next year may keep its bull.
Early morning today, Nikkei may open higher follow Wall Street because the expectation on tax reform increase so corporate tax rate may decrease to 21% percent from 35%. It may help boosting stocks to a new record level this year. SET may edge higher by good external and internal factors. I suggest focusing U.S. tax reform the last process this week. It may give positive to dollar and Wall Street in short-term, if it will be approved. Even Yellen did not see much economic growth from Trump’s tax cut.
Japanese export predicted higher but trade balance may fall to minus 55 billion (at 06.50 a.m.). I my opinion USD/JPY may move between 111.88 - 112.88 points but if it can break 113 points, it may try to rise to 115 points. Euro dropped lower 0.25% (1.1754) on last Friday so if today euro edge lower than 1.1730, it may have strong bearish trend. I suggest focus CPI at in European Union 17.00 p.m. as it may help euro hold steady.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

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