I think someone has provided a good TA explanation and want could be the potential support and resistance level. But a dip doesn't mean that we are in a bear market, just to let you know.


Obviously, you are a beginner and it seems to haven't seen the roller coaster ride specially from the last bull run in 2017 up to this time. There are a lot of factors like FUD news around, the negative effect of President Trump's tweet, Japanese  exchange reported hacked and then US law makers stance on Libra.


Of course just like any market out there, a bounce is imminent in crypto. But it will take time so let the market flow on it's natural course.