This circle is an old one. Bitcoin has been behaving accordingly for a very long time. However, this is just one aspect of Bitcoin.
The fundamental issue here is that the world is changing, and it's changing with increasing momentum. Our entire financial system is about to enter an evolutionary phase. The dollar is going to lose its crown, and the Western world may very likely collapse. I suppose that for a while, there might be a tumultuous chaos with the contributions of drought, mass migrations, increasing totalitarianism, and hunger. This phase will take a while and might be very painful for humanity, but eventually, it will end. I can't predict beyond that. I just hope for the best.
As for Blockchain, it's the Sonic Screwdriver of the future. It's Gollum against Mordor. It's the badass protagonist bitch of this story. For a meaningful outlook, decentralization is our only lifeline.
By the way, the fall of Bitcoin shouldn't scare you at all. It would be good to buy it cheap before the big storm comes.