According to the Reuters, China is successfully fighting Coronavirus and they reported that more people are cured from the virus than died.
It is safe to say now that coronavirus was behind the markets crash, stock, oil as well as Bitcoin.
So how does this affect the markets?
If it's to be trusted, China says the pandemic should end around June:
https://www.reuters.com/article/us-health-coronavirus/trump-stops-europe-flights-china-says-coronavirus-could-end-by-june-idUSKBN20Z0DYUntil then, you can count on prices dropping. When you look back at it, prices started dropping around the same time coronavirus was introduced by the media and fear started spreading.
If we are to expect the fear continues into June, prices should keep falling until June.
Be patient until June and then buy.
The World Health Organization stated that COVID-19 is already a pandemic and everyone knows that already. It affected us globally and internally. Markets and economies weaken, along with Bitcoin's depression and it is true and inevitable because people have this fear of getting bankrupt and have liabilities. This results to them selling their coins rather than buying. And this just proves the decemtralized property of Bitcoin because we control the price. I agree with you when you said to be patient. There are already numerous cases of Bitcoin's seem-to-be tragedy but it always get its way. So, as long as we will be rational and critical thinkers, I think we'd be safe and eventually, we can regain the standard system.