If US dips into publicly acknowledged recession in Q3, we might see crypto correction, as a benchmark - BTC to 12000 in autumn. I see this as an ultimate buying opportunity.
Pros:
recession is likely to happen
crypto needs much more accumulation for a good bullrun than it has now
I can't see a real bullrun without Fed pivot, only BTC/LTC/ETH speculations on banking collapse fear, it is not a proper fuel to 100k BTC.
Cons:
fiats hyperinflation might trigger earlier hype in crypto, then no such deep correction will occur
Fed might make early changes to monetary policy to assure banking system safety, this will hurt crypto accumulation and cancel the dip