Bitcoin is definitely not doomed, for some reason Bitcoin helps a lot of people and gave financial freedom. Many people are affected due to COVID-19 but most of them are looking for a way to earn additional money through online. Let's take this opportunity to publicize the benefits of bitcoin instead saying that bitcoin is doomed. And it is normal for crypto to go up and down, the real deal is about to come.
Bitcoin is still not dead (c) Pomp
I believe that everything will recover in the future. Keep halving in mind
Yes, Bitcoin will certainly recover after the pandemic. A lot of people keep saying negatives about bitcoin without even looking to it's bright side. The more we engage to Bitcoin the more it will help us, we can say that the rates are unpredictable today it's decreasing and later on will probably increase.
As the famous saying goes
"If it doesn't move up and down, then it's not alive" ~ Author: Unknown
The same applies to Bitcoin. The up and down movements are more than normal for a healthy market and we would be fools to think bitcoin is doomed just because it moved back to 5K
This is a good point. People tend to hate what they don't understand that is why they keep saying that bitcoin is dead. If you truly understand the market you are in, it will be normal for you if there are changes. The situation we have has a big impact to the cryptocurrencies but that is not the end and will never be the end of it because the fact that Bitcoin is uncontrollably known is a big start for a new opportunity.