Bitcoin still has the potential to drop towards $3,000, despite a minor bounce from 15-month lows seen on Friday. The price of ether, the token that powers the ethereum network, fell to 19-month lows just over $80 on Friday. The pessimistic sentiment around bitcoin prices saw the number of shorts hit a six-week high on Thursday. Bitcoin remains on the defensive despite a 4-percent recovery from nine-day lows today, but bearish pressure may weaken if prices rise above key resistance near $3,900. Bitcoin’s recent drop to 14-month lows has left the cryptocurrency on track for its biggest ever yearly loss.