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Bitcoin remains flat as traders look forward to the 'Year of the Dragon'

Market enthusiasts expect the Year of the Dragon to bring good fortune to the cryptocurrency market, but more traditional analysts advise caution.

Bitcoin (BTC) traded above $42,000 early Monday, according to data from CoinDesk Indices, while the CoinDesk 20 {{CD20}} index fell 0.75 percent to 1,643, as the East Asian nation's last pre-lunar business days. reverse the New Year holidays.

Over the next few days, East Asia will celebrate the beginning of the Year of the Dragon, one of the luckiest and most prosperous animals in the Chinese zodiac.

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