You are only looking at the short term growth of Bitcoin ad not the long term. This dump isn't only Bitcoin nature, it's a market nature to react to any news and the Volatility depend on the intensity of the news. The case of US here wasn't expected so soon and on seeing this, some institutional investors has to quickly close their positions so as goto avoid any uncertain profit and losslosses, they pulled out their money to be safe and hence the sudden sharp market declined buybut upon hearing the US pull out and ask both countries to make peace, they all came back and open positions again, the same money that left all came back like nothing happened which is why the market is moving around that resistance.

The come back came with a force, some traders and speculators hoping that might be a perfect opportunity to break the resistance but this isn't just ordinary resistance, this is a major resistance that need alot of liquidity to break. If it's fake out, it will dump back again but it will eventually be broken if it get retested multiple times.

How long you think Bitcoin will continue to reachreact to this kind of news? I can't say but expect general market reactions anytime there is a war between two powerful countries, they somehow control the stock and other traditional markets which sometimes is correlated with Bitcoin but theythese are short term fearfears, uncertainty and doubt. On the long run, it will go back to where it should, stop worrying about it.

You are only looking at the short term growth of Bitcoin ad not the long term. This dump isn't only Bitcoin nature, it's a market nature to react to any news and the Volatility depend on the intensity of the news. The case of US here wasn't expected so soon and on seeing this, some institutional investors has to quickly close their positions so as go avoid any uncertain profit and loss, they pulled out their money to be safe and hence the sudden sharp market declined buy upon hearing the US pull out and ask both countries to make peace, they all came back and open positions again, the same money that left all came like nothing happened which is why the market is moving around that resistance.

The come back came with a force, some traders and speculators hoping that might be a perfect opportunity to break the resistance but this isn't just ordinary resistance, this is a major resistance that need alot of liquidity to break. If it's fake out, it will dump back again but it will eventually be broken if it get retested multiple times.

How long you think Bitcoin will continue to reach to this kind of news? I can't say but expect general market reactions anytime there is a war between two powerful countries, they somehow control the stock and other traditional markets but they are short term fear, uncertainty and doubt. On the long run, it will go back to where it should, stop worrying about it.