Source: Farside InvestorsThe price action is in line “with our Bitcoin relative strength expectations with respect to equities and the dollar,” analysts from Bitfinex exchange told Cointelegraph, adding:“Bitcoin is rallying due to a combination of macro relief, strong ETF inflows, and growing expectations that the Fed will maintain policy flexibility amid softening economic data.”Bitcoin may continue to see more upside if “equities continue higher during earnings week,” but the “still-elevated macro uncertainty could limit broad-based upside,” the analysts added.
We could get that again in 2025, but there will be one point where [Bitcoin price] will run away.”Prince Filip added that Bitcoin remains a fundamentally deflationary asset and said its value is “always going to rise over time.”Source: Simply BitcoinHe referenced the concept of the “omega candle” made popular by Bitcoin advocate and Jan3 CEO Samson Mow.
In an April 24 interview with Simply Bitcoin, Prince Filip said some market participants may be limiting Bitcoin (BTC) price action.“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.
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Author / Journalist: Cointelegraph by Zoltan Vardai
The story "Serbia’s Prince Filip says Bitcoin is being stifled, expects huge rally" has 399 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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