basically it has drastically crashed stock markets worldwide.
and we can see more 20% downside in stock market before april end.
but bitcoin and other top currencies are already at its bottom level. we cannot see more correction in it.
and due to stock market crashes, again people from stock markets attracted towards crypto currencies.
moreover India and Korea and few other countries have started to take step to legalise this industry.
so, we can see 10000$ bitcoin before may end again.
It is my analysis only according to my forex and crypto experience.
experts can give their suggestions to bring proper conclusion.
Probably we are going to experience a lot of resistance in the market price of bitcoin and also a lot of dumps in the coming month for sure, Because a lot of economy of many countries are down because of the coronavirus.
For sure their are just so many factors affecting the market price of bitcoin and we cant really accurately predict what is going to be the market price of bitcoin in the coming months that but one thing is for the virus is affecting the market.
Yes, it is true that each and every country affected by this corona virus is also experiencing a problem in their economy, it includes the stock market of US as its cases is constantly increasing. US really underestimated the destruction that the virus can bring to its citizen because they didn't do some proper actions immediately during this pandemic. They ignore the news around the world because the US leader is irresponsible and racist that's why he belittled the Covid-19. The China is somehow recovering from the virus that came to them as their recovery almost equal to the number of cases in their country, also their stock market is stable and doesn't have any discrepancy before the virus occur. There are a lot of bitcoin miners in China and I think that contributes to some factor on how they manage to control and manipulate cryptocurrency in their market.