Bitcoin's failed bull breakout on Sunday has left the doors open for the bears to make a comeback.
Bitcoin fell to one-month lows below $8,000 last week, but the lesser-known zilliqa token topped the list of losers.
Bitcoin has bounced back above $8,500, but the rally is not backed by decent trading volumes, the technical charts indicate.
In a poor week for the wider markets, a listing on the Gemini exchange put a strong bid under zcash, producing gains of 50 percent.
Bitcoin's drop to one-month lows has bolstered the already bearish technical setup.
Bitcoin hit a 3.5-week low of $8,100 earlier today and now risks a bear revival, the price chart analysis indicates.
A breakout of bitcoin's current narrow trading range could set the tone for the next big move, price chart analysis indicates.
Bitcoin hit a three-week low over the weekend and may be looking at a deeper sell-off below $8,200, price chart analysis indicates.
The crypto markets are set to end the second week of May on a low note, with all but a few, such as bytecoin and zilliqa, showing significant losses.
Bitcoin has dropped to three-week lows and may take a further hit over the weekend, the technical charts indicate.