Shadowing the losses in bitcoin, the top-25 cryptocurrencies have all fallen over the last seven days – all bar one, that is.
If bitcoin closes the week below the 50-week moving average it will increase the likelihood of a sell-off to $6,000
Bitcoin looks set to test $7,000 in the next 24 hours, courtesy of a bear flag breakdown on the technical charts.
Following bitcoin's recent losses, a key long-term trend indicator is looking increasingly bearish.
Bitcoin's price is slipping below $8,000 again, reaching its 35-day low within just an hour since the trading entered Wednesday morning session.
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 hit a 3.5-week low of $8,100 earlier today and now risks a bear revival, the price chart analysis indicates.