Steem Vs Bitcoin price analysis

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Price Rise and fall of Steem with Rise and fall of Bitcoin and marketcap price with graph

Steem 8/04/2016-18/04/2017
steem 18-04-2016-18-04-2017.png
Bitcoin 8/04/2016-18/04/2017
bitcoin 18-04-2016-18-04-2017.png

Steem 8/04/2017-18/04/2018
steem 18-04-2017-18-04-2018.png
Bitcoin 8/04/2017-18/04/2018
bitcoin 18-04-2017-18-04-2018.png

Steem 8/04/2018-04/08/2018
steem 18-04-2018-2018-08-04.png
Bitcoin 18/04/2018-04/08/2018
bitcoin 18-04-2017-04-08-2018.png

With the above graph its clear that steem price is almost proportional to the price of bitcoin and marketcap.
Whats your opinion on this?

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