Bitcoin: Analyzing the odds of BTC reaching $64K in May

After a challenging week with substantial selling by whales, Bitcoin (BTC) began to stabilize, maintaining above a key support level, suggesting potential for a price increase. Despite a 3% drop over the past week, a slight recovery in the last 24 hours raised hopes for BTC to reach $64,000 soon. However, analysis from AMBCrypto, based on CryptoQuant and Glassnode data, indicates high selling pressure and a significant drop in addresses holding over $100k, which could hinder this short-term price goal.