On June 13, Israel launched a large-scale airstrike on Iran, causing the crypto market to fall sharply, with Bitcoin falling below $103,000. How is the war going? Will the crypto market continue to fall or rebound from the bottom?
It is just a market reaction and nothing more. That happened when Russia attacked Ukraine, but what happened after? Bitcoin increased in price back that day and later bitcoin get to all-time high multiple times. You can make better speculation based on if there is coming bear season, but do not consider this war for speculation except you are a trader which speculate in short term.
Do you mean it when you say reaction? Or maybe it was really correction is the one that you are trying to say? But if it is reaction, he also knows it. It is just that he is only concerned or wants to know what can happen next. On the another war between Ukraine and Russia, I think the price suffers first.
And the only reason why it recover later on is because there is an involvement in crypto like it is used to gather donations and I heard that it is also used to buy weapons. As for the many ATH, it only happened this year. Speculating can be done in any market condition. Anyone can become better at it if they know how to analyse each situation well.