According to Prince Filip Karađorđević, the hereditary prince of Serbia and Yugoslavia, Bitcoin's Price trajectory may be suppressed before his upcoming rally “Omega Candle”.
In an interview on April twenty fourth with Simply Bitcoin, Filip said that some market participants may limit Bitcoin (BTC) price campaign.
“People can control the market to a certain extent,” he said. “Perhaps this has met on the 2021 market, which suppressed its price by the high jump. We could get it back in 2025, but there might be some extent where [Bitcoin price] will run away. “
Filip added that Bitcoin still a fundamentally deflationary asset and said that his value would “all the time rise over time”.
Source: just Bitcoin
He referred to the concept of the “Omega candles”, which was made popular by Bitcoin Advocate and CEO by Jan3, Samson Mow. The theory predicts that Bitcoin's growth structure will explode after it’s reached to the 100,000 dollar brand.
“You will increase by 10,000 a day or fall by 10,000 a day. And that is the God candle. After that, we’ll see Omega candles which are 100,000 steps a day,” said Mow in an exclusive interview with CoinTelegraph in November 2024.
According to MOW, aspects that contribute to Bitcoin's growth are the growing distrust in the normal economic system.
https://www.youtube.com/watch?v=gnunx0QWH3Q
ETF inflows, impulse of macro laying
In Bitcoin Price, a recovery of over 9% was recovered last week when the US spot Bitcoin Exchange Fund (ETFs) amassed Bitcoin price over $ 2.2 billion within the three days before April 23.
The price campaign is in accordance with “with our relative strength expectations within the Bitcoin in relation to stocks and dollars,” said analysts from Bitfinex Exchange to CoinTelegraph and added:
“Bitcoin gathers resulting from a mix of macrol imprisonment, strong ETF inflows and growing expectations that the FED is maintained political flexibility when the economic data has change into softer.”
Bitcoin could proceed to see more on the top if “the shares live on through the winning week”, however the “macro uncertainty still issued could restrict wide -based upward restrictions,” added the analysts.
Equity and cryptocurrency investors are also concerned a couple of potential recession within the United States. JPMorgan estimates a probability of 60% for a recession in 2025, citing 145% tariffs of US President Donald Trump as a “material growth threat”, which increases the likelihood of economic downturn.
