Kinda, funny article, i guess the moral of the story is:
A 30% intraday correction after a week of rallies = depression A correction is also = inflation
Agree with you, this article is just ridiculous. People with no idea about financial markets and trading write this superficial nonsense.
I predicted based on technical analysis that BTCUSD will enter a consolidation / correction on Jun 9th. The 30% decline is nothing special in financial markets like bitcoin with high volatility after a huge exponential rise.
Nothing different, and nothing worrying for bitcoins, UNLESS BTCUSD falls through 18-20$ or 10$.