Steem/BTC Analysis
Looking at Steem/BTC, an interesting picture emerges
A plateau has formed over the last 4 months which has been unprecedented in the charts history (on binance). In this time frame the price has stabilized, suggesting that the low point has been reached.
With today BTC/USD breaching 7.000$ and Steem holding at around 12 cents, this is more evidence suggesting the gradual strengthening of Steems position. The chart suggests that there will be an increase over BTC of about 20%-40% in the near future which will probably turn over Steem's bear market. The long term perspective for both BTC and Steem's pairings to USD is positive, with Steem being on the more bullish side.
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Very nice graphs! Thanks.
welcome!
Have a nice day!
in light of the recent price movement, I'm giving this a little bump!
@tipu curate
Upvoted 👌 (Mana: 0/15 - need recharge?)
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STOPTo support your work, I also upvoted your post!
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Hope your predictions come true! Thanks for the great info.