It is true that the market is significantly affected by the situation of things in Iran by Israeli but that is how bitcoin has been. You will see it fall during the start of a war and it will increase back to normal. It fell and increased back but still it is falling again as the war is escalating. Let us expect that the war will not last but even if it last, it will have have long term effect on bitcoin. Even if bitcoin fall than expected, it is just about bear market and not the war.
When there is a war, of course it will affect everything, especially since this war seems to be continuing and getting deeper. On the other hand, of course this war will spread and have an impact on the world's financial system including the crypto market. We can see that after the war between Iran and Israel exploded, the price of crude oil rose 6% and the price of Bitcoin fell to $ 103k after previously reaching $ 109k.
However, even so, in a state of war like this, there is only one type of bitcoin investment instrument that benefits. It could even be that the geopolitical conflict between Iran and Israel has the potential to push up the price of btc, in the following month even though the beginning of the war experienced a slight correction and that is natural. If we look at the historical data of Bitcoin in 2010, it shows that on average Bitcoin rose more than 31.2% in the 50 days after a major event occurred, and maybe this year will be like that too, we just need to be together because the price of Bitcoin will definitely recover.