Steem has been consolidating since March 2021, one of the longest consolidation phase in the whole cryptocurrency market.
Steem is also one of the "strong ones", last years bear-market hit bottom in May 2022 rather than June, July, November or December, much more early than the rest of the altcoins.
This pair, STEEMBTC, is set to produce its strongest bullish wave since March/June 2017, when it grew by 1600%+ on a "dead-cat bounce".
This time it will be different though and instead of a dead-cat bounce we are set to experience a strong bull-market for this pair, the first ever.
The potential is huge as Steem has been printing higher lows for the past two years and is already trading above EMA10 with a strong RSI, the first target can produce 60%+ easy.
The second target is set at 250% and long-term a huge 1,235%+ potential is possible.
Keep an eye on this one so we can check back and see how everything turned out.
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