Bitcoin recover their position and have chance to come back again but of course we also can't ignore halving because this will become the next problem.
How would halving become a problem?
I think majority of us are thinking halving is good as it will result to the increase of bitcoin's price.
First wave ( corona ) is not done yet so let's think the worst thing bitcoin will lost value after halving. As trader I must say wait until market condition become stable again, for some people wait and see is wasting time but for me safe way is better than revenge ( panic buy ).
There is no 2nd wave, what we are experiencing now is the result of the covid-19, as long as it's still actively infecting people, it's a threat to our life and no government that is in its sound mind would allow people to do their usual activity prior to the covid-19, we need a cure for this one because we can say that the market is good again, panic buying is a normal reaction due to the fear, but we should be educated, we need that to fight the virus.