Cryptocurrency News: #Investors-Group
#Steem Price Chart - Measured in #Bitcoin
In Bitcoin terms, Steem is revisiting the lows of March and April of this year.png
#Steem could be +$10.36..!!
In #Bitcoin terms, #Steem is revisiting the lows of March of this year, and is currently trading at 0.00010067 BTC.
If #Steem was to revert back to the #Bitcoin valuation witnessed in June of this year, it could be valued in excess +$10.36..!!
#Steem back to the #Bitcoin value seen in June of this year
Calculation as follows...
Blog.png
Low Volume..!!
From the highs of June of this year, you will see from the above chart that the drop in the value of #Steem measured in #Bitcoin has come down on little volume compared to the huge amount that was needed to take it from the lows of March of this year to the highs in June.
This lack of volume strongly suggests that when the reversal takes place and #Steem is re-aligned to the #Bitcoin valuation seen in June, then the acceleration to the upside in $ terms will be fast.
Long term, I maintain a bullish recommendation on #Steem both in $ terms and #Bitcoin.
Thanks again for reading!
Note: This article comes from Stephen's brother who has a @stephenkendal steemit account. Thanks to Stephen for giving us good information on the content of his article. Greetings STEEM!