In an interview on April 24, Prince Filip discussed the potential for a “omega candle” rally in Bitcoin’s price, a term popularized by Samson Mow, CEO of Jan3. According to Filip, despite Bitcoin’s deflationary economic properties, its price could be constrained in the short term by market participants who have the ability to influence its movement.

Bitcoin’s Price May Be Held Back

Prince Filip suggested that market participants may have played a role in limiting Bitcoin’s price trajectory, particularly during the 2021 rally. He pointed out that there’s a possibility of similar market behavior in 2025, though he emphasized that eventually, Bitcoin’s price will experience an uncontrollable surge.

“People are able to control the market to some extent,” Filip explained. “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.”

Despite these potential suppressions, Filip believes that Bitcoin remains a fundamentally deflationary asset and asserted that its value will continue to rise over time, making it a long-term store of value.

The “Omega Candle” and Bitcoin’s Future Growth

Referring to the concept of the “omega candle,” Filip outlined how Bitcoin’s price might explode once it crosses the $100,000 threshold. This theory predicts Bitcoin’s price growth will accelerate exponentially after reaching this key level.

Samson Mow, in a previous interview, explained that once Bitcoin breaks this mark, the price could increase by $10,000 a day or even experience drops of that magnitude. As the price continues to rise, the increments could shift to $100,000 per day, marking the start of “omega candles”.

Factors Driving Bitcoin’s Current Rally

Bitcoin has already seen a 9% recovery over the past week, driven in part by significant ETF inflows and a macroeconomic environment that is showing signs of easing, according to data from Farside Investors. The US spot Bitcoin exchange-traded funds (ETFs) have accumulated over $2.2 billion worth of Bitcoin in just three days leading up to April 23.

Analysts from Bitfinex exchange noted that this rally aligns with their expectations for Bitcoin’s relative strength compared to equities and the US dollar. They attributed the price movement to a combination of macroeconomic relief, strong ETF inflows, and growing hopes that the Federal Reserve will maintain a flexible policy stance as economic data weakens.

Economic Uncertainty and Bitcoin’s Long-Term Prospects

Despite the recent momentum, analysts cautioned that macro uncertainty could limit Bitcoin’s broader upside potential. Stock and cryptocurrency investors are increasingly concerned about the possibility of a recession in the US, with JPMorgan estimating a 60% probability of a recession in 2025.

The firm attributes this risk to factors like Donald Trump’s 145% tariffs on China, which it views as a material threat to economic growth. If the economy weakens, this could add further uncertainty to the markets, potentially affecting Bitcoin’s price growth.

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