New statements came from the analyst using the pseudonym Capo, who made a name for himself with his accurate predictions about the Bitcoin and cryptocurrency market in 2022.
Capo of Crypto, who is known for his bearish views and is frequently criticized by investors for his bearish comments, examined the altcoin named Hedera (HBAR) on Telegram.
Stating that he expects a big decrease for HBAR at this point, Capo predicts that HABR will first rise to $ 0.15 and then fall sharply to $ 0.076, which was the previous support level.
“HBAR has made a good move so far.
Now, as you know, I expect the market to pull back.
However, I expect HBAR to first experience an increase and then test the high levels broken as support.
“If such a situation occurs, that is, if the support level is broken and a decline occurs, I will probably buy it again.”
HBAR, listed on Binance, continues to trade at $0.11 at the time of writing.
İl Capo also shared a post about his altcoin investments from his X account. Stating that he made a profit from all altcoin positions at this point, the analyst said that he is now completely out of the market.
I have taken profits on all altcoin positions.
I’m totally out of the market now. https://t.co/N5YyE5QFMu
— il Capo Of Crypto (@CryptoCapo_) February 23, 2024
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/bear-analyst-il-capo-says-he-made-profit-from-all-altcoin-positions-he-announced-the-repurchase-level-in-this-altcoin/