Why does Bitcoin plummet when a war breaks out? The mid-term of Bitcoin's bull market
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On May 6, Bitcoin fell back to the lowest point of 63,300, which coincided with the support level of 63,000 in the article of Cognitive Society yesterday.
On May 5, Bitcoin fell back to the lowest point of 62,800, which coincided with the support level of 62,500 in the article of Cognitive Society yesterday.
On May 4, Bitcoin surged to 64,600, which is perfectly consistent with the pressure point of 64,600 in the Cognition Society article yesterday.
Bitcoin was sprinting towards 65,500, but the sudden news of war caused Bitcoin to plummet.
Many people find it very strange that during the bull market in 2017 and 2020, Bitcoin skyrocketed every time there was a war, but now Bitcoin plummets every time there is a war?