It's so notable that the price of Bitcoin is always affected whenever there is war among some notable countries in the world and this makes me to wonder why Bitcoin price is always impacted negatively by war. For instance, Bitcoin saw sharp declines during the 12-day Israel-Iran conflict, but prices rebounded after the announcement of a ceasefire.
What's your opinion on this??
Because high sales will make the price decrease. Sales can also be caused by something that happens such as war. Not only the price of Bitcoin, but other market prices are also affected. However, it depends on the attitude of investors in responding to the situation.
Lately, investors are no longer behaving like a high panic because the Bitcoin price situation is actually good even though the war is taking place between Iran and Israel and there is American interference. Previously, there was also a Russian war, then Pakistan, but the impact on the Bitcoin market was almost nonexistent.
Something has to cause rapid demand and supply in any market, in cryptocurrency it has become clear that wars by notable countries can cause dip, it's a fact that has been established. My happiness is that Bitcoin always recovers after every dip unlike altcoins that most of them don't have any potentials to reach ATH when they dump. Besides war many weakhands reacts negatively to FUD they will panic and sell while wise investors will leverage on the dip to accumulate, this has always been how it goes.