568 this is pretty disastrous... wtf is happening...
Disastrous? Not really, from a TA perspective this still allows for a bullish scenario.
But if during the next 1 - 2 days long term support at 540$ will be broken (and I believe it will), then capitulation is a must.
It will be fun to watch the panic manifested in these forums and this thread.

Support broken, bullish scenario invalidated, it's time for a healthy capitulation!

But it will take a couple of months to reach the bottom, so prepare for lots of whining and moaning in this forum.

PS. I got to post on page 8000, cool!
So 541 and 539 is the difference between a huge bear market and a huge bull market??
Some time ago I and others warned of a turning point at which the market will choose a bullish or bearish scenario.
It's not just that 540$ support broke, look at the bid sum / ask sum ratio, it dropped down to 230$ on Bitstamp.
There is no bullish recovery from this, just a couple of (possibly strong) rebounds, but for the next couple of months the trend is down.