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RE: Since Mid-2016, Bitcoin has had 6 major bear and bull market cycles
I think that the financial institutions have made every effort possible to bring Bitcoin down, this has shown the great amount of support for this new economy and banks are scared of losing this type of control.
Bitcoin's dip is due to the incredible amount of fear that is being fed to new investors. but as they continue learning about the possibilities, real solutions and use cases crypto has to offer we find ourselves with a new support line.
Whe confidence comes back, Bitcoin really shows those steroidal pumps towards prosperity.
I stay with BITCON 100% but I choose STEEM 200%