What you say has finally come true, but we need not be afraid of this sort of market condition. For the market, this condition's a common thing, often it even happens, but this's not possible it only happens at this time.
If we have a strong belief in the growth of its value, I don't think we need to expect a 'large decline' to occur in its value. Because, the right period to buy bitcoin has already begun, maybe in the next few days we can't see the prices that are on display as they are now.