The bitcoin market is plunging. Bitcoin value is decreasing day by day. But I think it will quickly bounce back in the near future. There have been a lot of periods when bitcoin hit a deep bottom, but still stood and thrived. Many factors are affecting bitcoin and it will be a trap for bitcoin to explode again.
Pretty cliche answer but you are right that it will bounce back when the time comes, bitcoin has proven it already over the course of a decade so I think that the only way for bitcoin is to go up which may happen in a year or about a month from now.