Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
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What I believe:It depends on your perspective, whether short- or long-term.
How do you feel about this? I understand what you are saying but people need fiat to pump into Bitcoin investment for that to happen and I see people saying that the Russia/Ukrian war is affecting Bitcoin but is this really the case?
I just wanted to check that highlighted question, is it really this present conflict that is affecting the price of Bitcoin and other cryptocurrencies, or is Bitcoins price going along the normal TA determined price.
I wanted to put this here first so that we can comprehend it from a wider perspective

but my focus is zooming in on a couple of days here,
the green circle and arrow marked price still look like it is still trading along the resistance dotted redline around $39k+.

The market has been having little flash dips since before the war started and it is not different from what we saw with the Bitcoin price within the past few days. Not unless there is something else I missed I would say, Bitcoin is just having its normal market pattern.