BTC was doing really well in terms of the price.
Israel-Iran situation is kind of getting out of hands at the moment.
It is time for another downtrend for BTC?
What is everyone thinking about the current situation.
I haven’t seen much impact of the war on bitcoin price, bitcoin price dropped a little bit, but I won’t say it’s the impact of war, I see the drop as a correction which is normal. I expected more dump from bitcoin, but the current bitcoin price is not really bad.
The only time I know that the war will cause serious impact on bitcoin price if the United State of America joins the wall. The United State have been saying it that they will be attacking Iran, but we haven’t seen them take any action yet, but immediately they start, then let’s expect bitcoin price to drop. I just pray they will all settle soon, war is not what we want, and effect of war are felt by every country even if the country is not involve in the war directly.
Currently bitcoin price has dropped into $103k which I think isn’t a bad deal. Bitcoin has its own price correction and price decline, so this isn’t something new for us. However, if bitcoin price will be seen dropping consistently until it settles below $100k, for me this is already the impact of the said war. But rest assured, bitcoin price has its own recovery phase, we just have to be patient and be open about bitcoin price correction and its going sideways.