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Welcome to this update on Bitcoin. First of all, don't get panic about this dump. This is the last correction IMO after that BTC is pumping hard.
Now let's get to the chart first. This is a 2 Day chart and according to the chart, BTC is forming an ascending triangle. Currently, It is hovering at the lower trendline of that triangle so a bounce is very likely from here.
Also, here we have a 50D MA strong support. So don't get shaken out because of this move. Hold tight your Bitcoins and Altcoins. Soon everything starts pumping.
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This isn't financial advice. DYOR before investing.
Thank You!