Even without this Israel-Iran war, btc downtrend will surely occur in the market due to its high volatility. However, the good thing is, btc price recovers eventually in time, regardless if there are any or no positive news or events that would impact the market. But it would be great if positive sentiments are there so that btc price will recover quickly.
Furthermore, looking at the current price, I don’t see any significant price drop happening there. It’s just a little markdown that will move upward any moment from now.
Although the current war between Israel and Iran does not have a direct impact on bitcoin, when tensions occur, it often causes investors to panic, causing a momentary downward trend in the price of bitcoin, and this has often been experienced by the bitcoin market when there is a heated war between countries. However, because the current decline is only temporary, we don't need to worry too much about it and it's a good idea to take advantage of this decline to buy bitcoin because when tensions begin to subside, the price of bitcoin will slowly recover.
Bitcoin is just a financial market and its trend is determined by investor sentiment. Meanwhile, war, geopolitical and economic instability...always cause confusion for investors, so bitcoin dumping is inevitable. Bitcoin does not exist independently, it is like many other assets, financial markets, so it is not immune to those events. We should not deny that.
As usual, everything is just a short term impact, everything will recover soon. Not just Bitcoin, other markets will also adapt and recover.