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.
Ohh boy, the way this aged... Currently I think we haven't seen the real worst of it, the real effect will kick in with a delay, once china's factories that haven't been able to produce / ship their products to the rest of the world and we start realizing how badly we depend on their workforce, everything in the tech industry will be affected by it.
Now Bitcoin itself I don't think will be affected in a greater way than it already has, have you seen, however, petrol price today? Shit dumped faster than I've ever seen BTC crash...