Its a combined effects of ongoing covid19 pandemic and recent halving. Definitely bitcoin holders are passing crucial time but i think most holders have strong believe on bitcoin's potentiality. Due to lockdown most middle class  peoples are struggling to manage funds and number of jobless people’s are increasing day by day. In a situation like this its pretty much common that bitcoin holders will not gonna take risks for their investment. 

If bitcoin can climb from 100$ to 20000$ just in few years then i hope its worldwide community will keep patience to see much positive growth in the future.