PlanB sees Bitcoin averaging $500,000 in 2024–2028 halving cycle despite volatility

Cryptocurrency analyst PlanB, known for the Bitcoin Stock-to-Flow model, has reiterated his view that BTC will average around $500,000 over the 2024–2028 halving cycle, projecting a broader range between $250,000 and $1 million. While advancing this long-term target, Bitcoin was trading near $67,334, down almost 1% on the day but about 0.6% higher on the week, as price action remains volatile below the $70,000 mark.