Have we officially gone now from correction to full blown bubble collapse?
Not yet, there's seem to be nice support at $400, but the recent mania was so crazy that this might be the moment in which we will revisit and test the all time exponential trend line (which now sits around $370).
For the "that will not ever happen crowd": just remind that the price is bound to be 50% of the time above the trend line, and 50% below it. It's math. Place your bids and take the buying opportunity if it happens. If not, be happy and remember to realize some fiat profits at some point, preferably when we are way above the exponential trend line (above $670 it was a no brainer to secure some fiat profits especially for those who bought at double digits).