Critical Warning for Bitcoin and Ethereum from Famous Trader Capo: There Could Be a Rally But A Problem _!

A widely followed crypto bear believes that short rallies will be followed by major corrections for Bitcoin and Ethereum.

A trader with the pseudonym Capo says that this week's possible approval of a spot Bitcoin exchange-traded fund (ETF) will spark a short-lived rally for Bitcoin and other digital assets.

"Whales are showing a lot of interest in the $48,000-$50,000 level. News can trigger volatility and leave big wicks. So a pump up to that level and then a big rejection is a possible scenario."

The trader shared a chart predicting Bitcoin's price movement "for the next few days."

The trader suggests that Bitcoin will rise towards $51,000 following the news of the approval of the spot market Bitcoin ETF. Following the rally, he suggests that Bitcoin will likely decline to the $30,000-$31,000 levels as whales "sell the news."

The trader also predicts that Ethereum will rise as high as $2,600 before correcting. And he expects other altcoins to experience a major correction after a brief move to the upside.

"It's an interesting week ahead. ETF news should be released soon. As announced these days, I expect the market to pump first. BTC could rise to $48,000-50,000, ETH to $2,500-2,600. Altcoins should rise more. After that, which will take a few days, the market should reach a very important local high. That's when I'll start opening swing shorts, targeting new lows."

Looking further ahead, the trader maintains his prediction that Bitcoin will eventually fall to the $12,000 level. In addition, according to the chart, this decrease will take place in April.

Bitcoin is trading at $46,776 at the time of writing, up 7% in the last 24 hours. Meanwhile, Ethereum** is trading at $2,314 at the time of writing, up 4.7% in the last 24 hours.

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