Yea, I thought that too. I am certainly not at the techy level to argue for or against it but it seems to make sense to me.

If the author's analysis is correct, I'm thinking one of the indicators is that Unconfirmed Transactions will pile up. So far, there are 93740. I remember last time I used Bitcoin to transact, I think the Unconfirmed Transactions were around 60000 and I had to wait for days to have my transaction confirmed.

I don't think it is looking good for BTC.