TL;DR
Bitcoin’s price dipped recently but has begun to recover, raising hopes for a potential rally in May.
Favorable regulations and increased institutional adoption could fuel a significant BTC price rally (according to ChatGPT).
What Are the Odds of a BTC Rally in May?
Despite the promising start of the year and the surge to an all-time high price in March, Bitcoin’s progress stalled in April. The primary cryptocurrency did not start May on the right foot, declining to $56,800 (the lowest level in nearly two months).
The last couple of days were slightly more optimistic, with BTC reclaiming some lost ground and briefly spiking towards the $60K mark. As such, we decided to ask ChatGPT whether the asset can experience a more substantial rally and tap a new ATH throughout