Bitcoin failed to hold any support and is falling freely but what will happen once the coronavirus is over ? Bitcoin will be back in its momentum and all these news like India accepting crypto, will play a major role in strengthening the bitcoins.
I will support your thought. One way or another, Bitcoin will return to operation after external stimuli come to naught.
Another thing is that those people are selling at these cheap prices or not buying at current prices, will regret when they will see bitcoin to 3x-4x in few months time. We need to understand that the current crisis is temporary and after this all the markets will be back to normal. If bitcoin dumped more then expected, it will also pump unexpectedly.