The Christmas period is traditionally pretty subdued across the financial asset markets and bitcoin is no exception to this rule Low participation rates weigh on volume and make it difficult to form any real intraday bias as a result With low volume comes spikes and with spikes come breakouts however so just because participation might be low theres no reason we cant draw a profit from any action Financial markets across the globe reopened yesterday albeit not for a full week with New Years coming up on Friday and its time to get back into our bitcoin price watch strategy So wit this said and as we head into a fresh days trading out of Europe what are the levels we are keeping an eye on in the bitcoin price today and where will we look to get in and out of the markets according to our strategy both from an entry and risk management perspective As always take a quick look at the chart to get an idea of what we are watching

Ethereum classic price remains in an uptrend against the US Dollar and Bitcoin ETCUSD might break 1450 again to retest 1500

Bitcoin is struggling to hold momentum despite the Luna Foundation Guards ongoing accumulation

The Christmas period is traditionally pretty subdued across the financial asset markets and bitcoin is no exception to this rule Low participation rates weigh on volume and make it difficult to form any real intraday bias as a result With low volume comes spikes and with spikes come breakouts however so just because participation might be low theres no reason we cant draw a profit from any action Financial markets across the globe reopened yesterday albeit not for a full week with New Years coming up on Friday and its time to get back into our bitcoin price watch strategy So wit this said and as we head into a fresh days trading out of Europe what are the levels we are keeping an eye on in the bitcoin price today and where will we look to get in and out of the markets according to our strategy both from an entry and risk management perspective As always take a quick look at the chart to get an idea of what we are watching