Bitcoin’s price trajectory could be curtailed ahead of the upcoming “Omega Candle” rally, according to Prince Philip Karacholvich, a genetic prince of Serbia and Yugoslavia.
In an April 24 interview with Simply Bitcoin, Filip said that some market participants may be limiting Bitcoin (BTC) price action.
“People have some control over the market,” he said. “Maybe that was what we acted in the market in 2021, keeping prices high. We got it again in 2025, but there’s one point where (the price of Bitcoin) escapes.”
Philip added that Bitcoin remains fundamentally a deflationary asset, and that its value “always rises over time.”
He referenced the concept of “omega candles” that was popular by Bitcoin Advocate and Jan3 CEO Samson Mow. The theory predicts that Bitcoin’s growth trajectory will explode after reaching $100,000.
Related: Bitcoin is “less Nasdaq” and is like gold despite the odds of a 60% recession
“You go up to 10,000 years a day and start dropping 10,000 a day. This is God’s candle. Then you start to see 100,000 inches of omega candles every day.”
According to Mow, factors that contribute to Bitcoin’s growth have seen a growing sense of distrust in the traditional financial system.
https://www.youtube.com/watch? v = gnunx0qw3q
Related: Bitcoin ETF Log “Dramatic” Investor Sentiment Boost $912 million inflow
ETF inflow, macro relief drive momentum
Bitcoin prices have seen a recovery of more than 9% over the past week as the US Spot Bitcoin Exchange Trading Fund (ETF) accumulated over $2.2 billion in Bitcoin in the three days ending April 23rd.
A Bitfinex Exchange analyst added to Cointelegraph:
“Bitcoin is rallying due to a combination of macro relief, a strong ETF influx and growing expectations that the Fed will maintain policy flexibility as economic data is alleviated.”
Analysts say Bitcoin could continue to be upside down if “stocks continue to rise during earnings week” but “still restricted macro uncertainty could limit widespread gains.”
Stock and cryptocurrency investors are also concerned about the possibility of a US recession. JP Morgan estimates that there is a 60% chance of a recession in 2025, and it sees Donald Trump’s 145% tariffs on China’s 145% as a “significant threat to growth” that increases the likelihood of a recession.
https://www.youtube.com/watch?v=hb0z1ti8uys
Magazine: Hiz’s Bitcoin odds in June, Sol’s $485 million leak, etc.: Hodler’s Digest, March 2-8
