I wonder how dependent Steem's price is on Bitcoin price movement?
I personally think even if we're going down in the short term, we appear to be finishing a market cycle. So long term, I expect us to break past previous all time highs.
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No need to wonder. If BTC is going down, STEEM will too. There is no speculation and no science about it. It's a simple fact. I can only repeat, that as long as there is a dependency on BTC, all TA of altcoins is - let's say it politely - "not real fortunetelling" 😉
I agree !!! Thats the rule....
That is so right. We depend on BTC