This time is already different compare on the previous years of Bitcoin, especially last year 2017.
I don't think so this COVID drama will affect the price of crypto market. It is already proven last year, people already learnt the lesson.
Look at the hype of Bitcoin these days, retail investors and institutions are starting to buy Bitcoin. Look what happened when Bitcoin dropped below 30k past few days, it is bouncing once it is dropping.
6-12 months may be sideways for Bitcoin, but dropping below $20,000 is kinda impossible.