Yes, it is somewhat similar to the situation as compared to that of 2014 but the dynamics have changed dramatically in last 4 years. The year 2017 was the year when Bitcoin and blockchain technology went mainstream and now the reason for the market fall is far different from that of 2014. However, I believe that it will help Bitcoin to recover faster in the coming months.
The values and the price depend on the popularity so we can't compare the values and popularity with the past we need to move on from that it is the best way for a bitcoin users.