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Bitcoin Cash, Cosmos, The Sandbox Price Analysis: 04 December
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At a time when Bitcoin hit the $47,000-mark due to a broader market sell-off, Bitcoin Cash and Cosmos dived below their long-term supports to poke their multi-month lows.
Moreover, SAND witnessed over 20% losses but maintained its long-term uptrend.
TradingView, BCH/USDT
BCH had an impressive run from 30 September until the altcoin touched its nine-week high on 10 November. Since then, it started marking lower lows in a descending channel. After a down-channel breakout on 22 November, BCH continually fell and formed a descending triangle (yellow) in its 4-hour chart.
After retesting the $544-mark support for nearly two months, bears were able to invalidate the long-term bullish trend and turn the tide in their favor. They managed to poke
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