great analysis and greater conclusion.
I also believe steem will make some lower dips, but will rise. you pointed to possible cash out by whales, I prefer to look technically to charts, rather than other ways of prediction.

IF steem's ecosystem is mature enough, then the technical analysis will work. I have been on stock market for two decades and I have been successful in a long run.

you will make me glad if you visit my posts on steem price analysis on my page