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    Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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$1 Million Bitcoin? CEO Predicts “Omega Candle” After $100K Breakout

Story Highlights
  • Samson Mow predict Bitcoin's price reaching $1 million through a phenomenon called the "Omega Candle."

  • Mow links Bitcoin's rise to a potential gamma squeeze triggered by MicroStrategyโ€™s aggressive BTC buying.

  • Breaking $100K could trigger new investor interest and set the stage for higher targets.

Bitcoin is grabbing attention as it edges closer to the $100,000 mark again, a key milestone that has traders buzzing. Amid the excitement, Samson Mow, CEO of JAN3 and a prominent Bitcoin advocate, has introduced a bold prediction: the arrival of the โ€œOmega Candle.โ€

According to Mow, this extraordinary market event could send Bitcoinโ€™s value soaring to an eye-popping $1 million.

The Omega Candle Explained

Samson Mow describes the Omega Candle as more than a standard price rally. He envisions it as a massive surge in demand that obliterates resistance levels, creating a towering green spike on Bitcoin price charts.

โ€œThe Omega Candle isnโ€™t just a rally,โ€ Mow explained. โ€œItโ€™s a tidal wave that will redefine Bitcoinโ€™s value, taking it into six-figure territory and beyond.โ€

Mow believes this surge will begin once Bitcoin surpasses $100,000, triggering a chain reaction that could lead to an unprecedented price leap.

MicroStrategyโ€™s Role in the Omega Candle

Mow points to MicroStrategy, led by Bitcoin advocate Michael Saylor, as a critical factor in this potential price explosion. He highlights the possibility of a โ€œgamma squeezeโ€ as the mechanism that could ignite the Omega Candle.

A gamma squeeze occurs when traders buy large amounts of call options, betting on a price increase. To manage risk, market makers purchase the underlying asset, which further drives up its price. Mow suggests this could happen with MicroStrategyโ€™s stock (MSTR), as the company continues its aggressive Bitcoin acquisitions.

If MicroStrategyโ€™s stock price rises sharply, it could draw significant attention to Bitcoin, sparking a surge in demand and potentially sending Bitcoinโ€™s price skyrocketing.

FAQs

What is Bitcoinโ€™s price prediction today?

The BTC price may range between $95,500 and $102,000 for today.

What is the Bitcoin price prediction for tomorrow?

If the bullish sentiment sustains, the star crypto may continue gaining value tomorrow.

How much will 1 Bitcoin be worth in 2025?

As per Coinpediaโ€™s BTC price prediction, 1 BTC could peak at $169,046.

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