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Impact of External Wars on Bitcoin in Recent Years
Russia-Ukraine War: February 24, 2022
On the day of invasion and in the short term, BTC quickly dropped from about $38,000 to a low of around $34,300, a daily decline of about 10%
Although it was the beginning of a bear market, Bitcoin rebounded to $48,000 within the following month
Iran-Israel Direct Conflict Escalation: April 2024
Iran suddenly launched an attack on Israel, causing Bitcoin to fall from about $67,000 to $60,908, a short-term decline of approximately 8%
Within the next month, Bitcoin quickly regained ground, rebounding to $71,000
Today, Israel attacked Iran again, causing Bitcoin to drop from a low of $66,000 to $63,000, a decline of less than 5%
And Bitcoin has already been bearish since May, so there’s really no need to panic at this point
Every decline caused by external negative news is an opportunity for manipulation by the big players. The more Bitcoin drops at this level, the more it’s a good buy!