Why does the price of bitcoin go DOWN when there’s market uncertainty and geopolitical unrest?

Shouldn’t the “price “ of bitcoin be inversely proportional to fiat since bitcoin is the opposite of fiat.

#Bitcoin represents work, security, flexibility, independence, energy, integrity (purity), transparency.

(A bitcoin is worth a bitcoin…..yeah yeah I get that)

But we pragmatically assign a fiat equivalent value to it.

INFLATION IS DEVALUATION.

Turbulent news tends to cause a loss of confidence in the US dollar. So why don’t we see a natural increase in the value of bitcoin when the market dips or becomes uncertain? (Like a see saw - one side goes up while the other side goes down.)

I have my thoughts but I want to hear yours without my (perhaps ignorant) opinion skewing anyone else.

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