I was looking at the 3-6 month trendline and this doesn't look that significant to me. I was glad I waited a bit on cashing in my most recent powerdown into those wonderful bitcoins. I suppose it could suggest a flattening out and maybe the beginning of a market pricing of what a popular blog post is worth in the crypto-social-internet space. I for one, would be happy just to see some more volatile up/down churning in the Steem price.
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Thanks Ivor for your comment and upvote. Yes on the long term trendwise, the recent moves has not really stood out much. I think because the slow downtrend has been going on for a while now, any relatively larger reversal is welcomed and looked at as a possible bottom passing. bitcoin is the digital gold standard for crypto so you can't really go too wrong there.