Bitcoin's Price Volatility Continues with Significant Drops and Predictions of a $532k High

Quantitative analyst PlanB predicts that Bitcoin's price will soar more than 1,847% from its current value of $27,316 after next year's halving event, according to his stock-to-flow (S2F) model. PlanB defends his model against critics who question its accuracy after it inaccurately forecasted Bitcoin would hit $100,000 in 2021. He believes that the halving will probably be at S2F model value $60,000 and BTC will pump after the halving, just like 2012, 2016, 2020 halvings.