Bitcoin Analysis and May Market Trends: Is Bitcoin worth Investing in 2023?
Bitcoin has experienced a bearish market since reaching the 30k mark in April, with May being the worst month yet. The price continues to drop, but experts predict a possible recovery by June. Regulatory and inflationary fears have contributed to the decline, causing liquidity concerns for some investors. However, the cryptocurrency industry is expected to bounce back, with a huge scope for growth and advancements in web3. Despite the decline, Bitcoin remains a prominent player in the industry.