I noticed the decline after the US made their strike on Iran's nuclear site a few days ago. The market reacted the way it should, but bounced back for one reason I guess, and that's because the majority, especially investors, are not buying into their propaganda. If you remember, a similar decline occurred the moment the fight broke out at first, which made Bitcoin drop down to $101K if I remember correctly. Shortly after it bounced back despite the war and strike still ongoing.
The FOMO and propaganda is really making a negative impact, I can't deny to that fact, but I think the majority are not buying into it, so Bitcoin might continue to bounce back as long as it continues. I heard the cease fire just broke few hours ago, and both countries have resumed from where they stopped. We aren't buying into their stories this time, as we can boldly see what's happening.