While lot of people off late were saying that bitcoin is finally doomed to fall. Recently my trust in bitcoin has substantially increased because of the way it held its value against market forces .
Literary every time there is any kind of drop, a lot of cockroaches crawl out of their holes to say "bitcoin is doomed". Interestingly enough there is more of them when we are at the bottom and during accumulation phases.
In any case you should "trust" bitcoin because of its technology and utilities not because of its price. In fact the only reason why price holds and in the long run keeps going on is because bitcoin offers a very unique utility that nothing else in the world does. A decentralized payment system that can not be censored.
Those which only focus on the price have it backwards, which help us to explain how those very same people eventually decide to invest in shitcoins as they believe price is everything, then they get scammed and become one of those people which claim that bitcoin is a scam as well or something ridiculous like that, the value of bitcoin as you state comes from its utility and its network effect, which as times passes is only getting stronger.