Serbian Prince Predicts Bitcoin‘s ‘Omega Candle‘ Rally
Bitcoin‘s price trajectory may be currently suppressed, but a massive rally is on the horizon, according to Prince Filip Karađorđević, the hereditary prince of Serbia and Yugoslavia. In an interview with Simply Bitcoin, Prince Filip expressed his belief that some market forces are actively limiting Bitcoin‘s price action. He suggested that these forces might have been responsible for suppressing the price in 2021, but that this trend won’t last forever.
“People are able to control the market to some extent,” he said. “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.”
Prince Filip‘s prediction is tied to the concept of the “omega candle,” popularized by Bitcoin advocate Samson Mow. The theory posits that Bitcoin will experience explosive growth after it surpasses the $100,000 mark. According to Mow, these “omega candles” will be characterized by daily price swings of $100,000, signifying a dramatic shift in market momentum.
Factors Fueling Bitcoin‘s Upside
Prince Filip‘s optimism about Bitcoin‘s future stems from its fundamentally deflationary nature, which he believes will inevitably lead to a rise in its value over time. He also points to the growing distrust in the traditional financial system as a driving force for Bitcoin‘s adoption.
The recent surge in Bitcoin‘s price aligns with this optimistic outlook. Over the past week, Bitcoin has seen a recovery of over 9%, fueled by several factors:
- Strong ETF Inflows: US spot Bitcoin ETFs have accumulated over $2.2 billion worth of Bitcoin in recent days, reflecting growing institutional interest in the digital asset.
- Macro Relief: The softening economic data and potential for Fed policy flexibility have provided macro relief, boosting investor confidence in risk assets like Bitcoin.
- Growing Expectations for Fed Policy Flexibility: Analysts believe that the Federal Reserve’s willingness to maintain policy flexibility amidst softening economic data could further support Bitcoin‘s upside.
While these factors are driving Bitcoin‘s short-term gains, the potential for a US recession remains a concern for investors. JPMorgan estimates a 60% probability of a recession in 2025, citing trade tensions and potential economic slowdown as contributing factors.
Despite the uncertainties, Prince Filip‘s prediction of a massive Bitcoin rally following the “omega candle” reflects the ongoing interest and confidence in Bitcoin as a store of value and a potential hedge against economic turmoil.
