First of all, this video is really funny:
What is bitcoin doing?
Bitcoin has been doing a sideways-down movement as it attempts to find a bottom level of support. I still believe that this support level is around $10k, but clearly it has dipped below that level briefly.
Having a longer term consolidation such as this is healthy for the market. It is my belief that the fundemental positive factors ultimately driving investment into cryptocurrency will eventually out-weigh the sellers of BTC into this decline. In other words, the bubble is not over.
By us having this longer term correction, it also means that when Bitcoin gets going again, it may rally at a slower pace than it was previously. This is a good thing. It gives more time for investment to flow into the market, it makes the market less volatile, and the crashes aren't as severe if this happens.
What is Steem up to?
I believe STEEM is setting itself up for another rally within the next 6 months. It's possible whale selling causes this rally to be slower. My point being is that I think STEEM takes out $10 this year.