that is always true, it has nothing to do with current charts!
a bad news is always causing some drop, based on the news itself it is sometimes big like 20 to 30% and sometimes small like 5%-10%
I mean now it's more true than other times, because the market is thin, volumes are low and noone wants to buy near ATH. Newcomers are waiting for some correction to enter the market.
But in long term I have no doubt bitcoin starts growing again.