Bitcoin (BTC) Price Trajectory May Be Suppressed Ahead of Its Upcoming “omega Candle” Rally

Bitcoin’s price trajectory may be suppressed ahead of its upcoming “omega candle” rally, according to Prince Filip Karađorđević, the hereditary prince of Serbia and Yugoslavia.

Hereditary prince Filip Karađorđević of Serbia and Yugoslavia says some market participants may be limiting Bitcoin (BTC) price action ahead of its upcoming “omega candle” rally.

In an April 24 interview with Simply Bitcoin, Filip said people are able to control the market to some extent.

“Maybe that’s what acted on the 2021 market that suppressed its price from jumping high up. We could get that again in 2025, but there will be one point where [Bitcoin price] will run away.”

According to Filip, Bitcoin remains a fundamentally deflationary asset and its value is “always going to rise over time.”

He referenced the concept of the “omega candle,” which was made popular by Bitcoin advocate Samson Mow. The theory predicts Bitcoin’s growth trajectory will explode after it hits the $100,000 mark.

“You’ll start to go up by 10,000 a day or drop by 10,000 a day. And this is the God candle. After that, we’ll start to see omega candles, which are 100,000 increments daily,” said Mow in an interview with Cointelegraph in November 2024.

Factors contributing to Bitcoin’s growth include the growing distrust in the traditional financial system.

“People have lost trust in the system and they’re looking for alternatives,” said Filip. “Bitcoin offers an alternative monetary system that is decentralized and trustless.”

According to Filip, Bitcoin’s value is likely to continue increasing as more people adopt it and benefit from its unique properties.

“It’s a new technology that has the potential to revolutionize the way we live and interact with each other.”