The Impact of Recent External Wars on Bitcoin Russia-Ukraine War: February 24, 2022 On the day of the invasion and shortly thereafter, BTC rapidly fell from approximately $38,000 to a low of approximately $34,300, a daily drop of about 10%. Although in the early stages of a bear market, Bitcoin rebounded to $48,000 within the following month. Escalation of Direct Conflict between Iran and Israel: April 2024 Iran launched a sudden attack on Israel, causing Bitcoin to fall from approximately $67,000 to $60,908 in the short term. The price dropped by approximately 8%. Over the next month, Bitcoin quickly recovered its losses, rebounding to $71,000. Today, Israel launched another attack on Iran, causing Bitcoin to fall from $66,000 to a low of $63,000, a drop of less than 5%. Furthermore, Bitcoin has been in a bear market for five months, so there's no need to panic at this point. Every drop caused by external negative news is an opportunity for market manipulators to shake out weak hands. Buying on dips at this level is definitely a sound strategy. This analysis is for spot trading only; futures traders should not use it as a reference.