Investors hate instability.

They react to it accordingly, and the broader market goes down quite a bit, before getting back to normal.

And we may see more of such behavior in the near future on crypto charts too.

Yeah, when you are in a zone, it doesn't really matter to you who wins or what happens to BTC, in fact: you just want for it to be over.

And truly: the market will be okay and go forward, whereas people.. they won't.

Our world is a tightly interconnected chain and everything is related to each other in one way or another, directly or indirectly. Iran, oil, stocks or bitcoin...they are not directly related to each other but they are all part of the common world economy. All are influenced and governed by the world economic situation.

Iran is not closely related to bitcoin but they are a country that can significantly impact world oil prices as they are the 7th largest oil producing country. That means the world economy will also be affected if the oil supply is disrupted and as I said, Bitcoin is also part of the economy, it cannot avoid the impacts.

Don't you think that fear from broader markets eventually hits the crypto market too?

No matter how strongly investors believe in Bitcoin, cryptocurrencies are high-risk assets, so in times of geopolitical instability, they are the first to be disposed of. The conflict between Israel and Iran escalated to a new level after the US strikes on uranium enrichment centers, which means that some investors decided to get rid of high-risk assets. I am sure that as soon as there is talk of some kind of agreement between Israel and Iran, high-risk assets will start to grow again.

We didn't see the biggest fireworks yet, imo.

But I pray the market will behave well and the situation deescalates properly, without any long-term conflict put in place.

That would be good for everybody.

Have anyone heard about the Strait of Hormuz? It's a strait between the Persian Gulf and the Gulf of Oman. 20 million barrels of oil, which is 1/5 of global oil consumption and Iran can close that. If Iran does that, then the oil market will react with sharp price spike because there will be a sudden shortfall of oil. But what do you think, what will happen in Iran closes that? Guess what? It will be open soon via force but I'm afraid everything leads us to World War 3 and then I don't know what will happen.
There are only two outcomes. If there is a severe economic crisis, people will either sell all of their Bitcoins to have a money for food and utilities or they'll buy Bitcoins with the hope that it's the only thing that will help them to financially escape.
I'm afraid the first one is going to happen.

The US market is the most powerful market hence when something is happening to the US market, it usually affects other markets indirectly. The war doesn't have any positive impact for Bitcoin because despite you putting all your wealth in Bitcoin as a safe heave it doesn't keep it safe from the corrections that'll be happening in the short term and when you aren't the patient type, you can't keep holding especially when you keep seeing your portfolio decreasing as the days go by. War isn't good in any way, it only benefits the arms dealers and illegal firearms traffickers. Nobody wants to buy when the certainty of the economy isn't known hence we need a war free world for the trust of investors to be restored back into the market.

In my opinion, in this war situation, the price of Bitcoin may be temporarily slightly lower, but later its price will increase greatly. The reason for the temporary price decrease is that investors will cash out to overcome the situation and as a result the price may decrease and later when a stability comes, the price will increase very quickly. Previous history says so. However, no matter what the situation is, if the price dumps and goes deep, then if we can do something to buy BTC and when it does, we can get a very big profit due to being patient even in this bad situation.