The price of bitcoin will change dramatically in May - This is what an artificial intelligence model claims

A new experiment published by cryptocurrency analytics platform CryptoOnChain: their proprietary deep learning model predicts that the bitcoin price will not only return, but potentially surpass its previous all-time high in the next 30 days. The AI believes that the number one cryptocurrency could break the $70,000 mark in just 25 days and reach the $78,000 level by the end of May.

Bitcoin's price will come back with a bang. Here's what artificial intelligence says

An artificial intelligence model trained on an extensive dataset of 376 different blockchain data points collected since 2012 used information from the past year to produce an updated prediction. The database, in turn, is owned by experienced cryptocurrency analytics platform CryptoQuant.
At the time the report was published, bitcoin was trading at around $64,600, having risen by about 2% over the past week. At the same time, the model believes that the cryptocurrency will approach the psychological barrier of 80 thousand per BTC in a month. If the robot's prediction comes true, it will mean a significant appreciation and a new price record, exceeding the previous peak of $73,000.

The creators of the model warn that their forecasts are for research purposes only and should not be considered investment advice under the law. They emphasize the volatility inherent in the cryptocurrency market, where prices are subject to rapid changes influenced by global economic factors, disruptive regulatory news and turbulent market sentiment.
However, this is naturally not impossible. Many market observers were expecting a correction due to the "down play" that occurred recently, but were betting on a new bullish rally after some pause. The only question is how long the aforementioned "break" will last.