COVID-19 turned the global markets rout. Here's my thoughts on BTC though.
1. BTC possibly bottomed at $3,850. If it holds true, then BTC will be rallying to wave 5 or at least reach $14,600.
2. If bottom not yet reached, I'm looking possibly below 3K to 1K as wave 2. And wave 3 to follow, targeting at the minimum $14,600 or even higher as wave 3 should not be the shortest among waves 1,3, & 5.
Either way, I think it's better to accumulate slowly. Wave 5 will go up or Wave 3 will also go up.
This is my personal opinion only and should not be taken as trading or investing advice. Please trade at your own risk.