Crypto Twitter's favorite prophet Kaleo just dropped some alpha about Bitcoin's next move.

The hopium dealer thinks we'll see a nasty correction before the real fireworks start – guess that normal supply of hopium is put on hold.

If he's right, your altcoin bags are about to feel heavier than those NFT bags you’ve been holding since 2021.

The Dump Before Pump

Bitcoin might be heading back to $80k for a quick nosedive, and your favorite altcoin is probably going to fare a lot worse than that given the correlations at play.

Even the diamond hands might start sweating when this correction hits given how excited we’ve all been about the $100K milestone – wasn’t that supposed to be jet fuel for these markets?

It gets interesting after the pullback though - Kaleo is calling for a face-melting rally after the dip.

We're talking $120k Bitcoin like it's nothing, and likely even higher targets to be reached, like those $200k EOY targets we’ve been hearing so much about..

The real party hasn't even started yet, according to our chart wizard, and regulations are actually looking decent for once to help support this thesis. 

Even governments are starting to FOMO into Bitcoin as a hedge against macroeconomic uncertainty. 

DOT's Not Dead

Kaleo's especially bullish on Polkadot right now, saying it's found support in a fundamental sort of way that other alts just haven’t identified. 

Price targets range from a comparatively tiny $8.82 to an absolutely moon-shot degen $210.

Bit range, we know. 

The motivation is that TradFi is finally understanding that Bitcoin and blockchain are both here to stay – the technology is actually being used for stuff other than jpeg monkeys now.

The suits are rolling in with bags bigger than your whole trading stack, and those sorts of inflows tend to move markets very quickly once the FOMO sets in.

What This Means

We've got the halving coming up in April at the same time that institutions are scaling into Bitcoin and other cryptocurrencies.

The market is starting to look more legitimate than ever before, and that’s the sort of thing that creates its own momentum – it’s a recipe for legitimacy creating volume which create more legitimacy, etc. 

But don’t be mistaken – getting rekt on leverage is still easier than explaining Web3 to your parents, so play it safe out there. 

If Kaleo is right, HODLing spot through the dip might actually be the play rather than trying to catch a falling knife.

Think like Michael Saylor on this one – every dip is a good opportunity to buy if you’re in it for the long term.