We are indeed in a strange situation. I'm not even sure if any speculators cares about the halving right now. I think everyone is just waiting for that proven COVID-19 cure to bring things back to normal like "business as usual" before markets (including crypto) starts recovering and that will most likely take months for each economy to fully recover.
This might take several months before taking off for an effective remedy of this kind of pandemic virus. It won't be easy for the world to bring back the normal life that we used to have. But nothing's imposible for all who wanted to seek brighter future with bitcoin, because it remains unpredictable for years until present. Recovery will always be a tentative situation to consider, so every now and then let's hope for positive outcome sooner.