The ultimate moving average of the Steem price against Bitcoin continued to rise around ₿1200 Satoshi around August 22. From there, it slowly declined and rose again.
Additionally, the SuperTrend indicator has moved to a buy position from about November 23 to today.
However, the Squeeze Momentum indicator is beginning to re-enter a bearish position with relatively low volatility.
Will the Steem price trend towards Bitcoin recover? And is now a good time to buy?
Let's continue to monitor the price volatility of Steem against Bitcoin.
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