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The price trajectory of Bitcoin may be suppressed before its next "omega candle" rally, according to Prince Filip Karađorđević, heir to the throne of Serbia and Yugoslavia.
In an interview on April 24 with Simply Bitcoin, Filip said that some market participants may be limiting the price action of Bitcoin
BTC
€81,977
.
"People are capable of controlling the market to a certain extent," he said. "Maybe that's what acted in the 2021 market that suppressed its price from jumping high. We could have that again in 2025, but there will be a point at which [the price of Bitcoin] will escape."
Filip added that Bitcoin remains a fundamentally deflationary asset and said that its value "is always going to rise over time." The price trajectory of Bitcoin may be suppressed before its next "omega candle" rally, according to Prince Filip Karađorđević, heir to the throne of Serbia and Yugoslavia.
In an interview on April 24 with Simply Bitcoin, Filip said that some market participants may be limiting the price action of Bitcoin
BTC
€81,977
.
"People are capable of controlling the market to a certain extent," he said. "Maybe that's what acted in the 2021 market that suppressed its price from jumping high. We could have that again in 2025, but there will be a point at which [the price of Bitcoin] will escape."
Filip added that Bitcoin remains a fundamentally deflationary asset and said that its value "is always going to rise over time."
