Steem price resisting recent bitcoin price jump.

in #steemstats9 years ago

Screenshot - 06_06_2017 , 10_54_56.png

As you can see steem itself went down from 65000 sat to 52000, but the actual steem price went up due to dramatic bitcoin price increase.
Fear not most of the coins went down by 5-20% due to this and its just temporary resistance trying to adjust the price.

Few days later coins will climb back to normal an since steem was going up it will start climbing again.

There are some factors like, will the bitcoin jump up again this might slow it down a little bit more.
If it did happened and bitcoin will go up and up does not affect steem too much as the price will keep rising due to bitcoin value.

Current Steem price is $1.72
Believe in steemit and keep steeming, this will make it even stronger.

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