Key Takeaways
- Prince Filip of Serbia claims Bitcoin's price is being suppressed by market forces.
- He expects a massive rally driven by what he calls the 'omega candle' pattern.
- Bitcoin ETFs saw over $2.2 billion in inflows in three days leading up to April 23.
Serbia’s Prince Filip Karađorđević claims Bitcoin is being deliberately suppressed by market participants, but anticipates an explosive rally ahead.
In an April 24 interview with Simply Bitcoin, Filip said Bitcoin’s price movement is likely limited by certain actors in the market.
He explained:
People are able to control the market to some extent.
He added that this could echo 2021’s capped gains.
However, he warned:
There will be one point where Bitcoin price will run away.
The “Omega Candle” theory
Filip expressed confidence in Bitcoin’s deflationary nature and long-term value, emphasizing that its price is…
… always going to rise over time.
He also pointed to the concept of the “omega candle,” a theory promoted by Samson Mow, CEO of Jan3.
Mow predicts once Bitcoin surpasses $100,000, the price could move in massive $100,000 daily increments.
Mow said in a November 2024 interview:
You’ll start to go up by 10,000 a day… then we’ll start to see omega candles.
Recent market activity
Recent market data reflects growing interest in Bitcoin.
US spot Bitcoin ETFs saw inflows of over $2.2 billion in just three days leading up to April 23, according to Farside Investors.
This helped push Bitcoin up more than 9% over the past week.
Macroeconomic concerns
Despite bullish signals, analysts caution that macroeconomic uncertainty and potential recession risks — with JPMorgan placing 2025 recession odds at 60% — could temper any sustained rally.
