BTC echoes Russia-Ukraine war pattern but with higher volatility

Bitcoin is exhibiting a "shock and recovery" pattern following recent developments involving Iran, similar to its behavior during the Russia-Ukraine war, BeInCrypto reported. The outlet noted that both periods were characterized by an initial panic sell followed by a sharp rebound. This was succeeded by a phase of highly volatile sideways trading as the market adapted to geopolitical risks. Additionally, the Relative Strength Index (RSI) in both cases entered oversold territory before rebounding with strong momentum. However, the analysis suggests current market volatility is greater than during the Russia-Ukraine conflict, and capital flows appear more indicative of short-term trading than long-term accumulation. If this pattern persists, Bitcoin is more likely to rise amid sustained volatility rather than experience a sharp decline, BeInCrypto explained.