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The earnings season is upon us—a time when companies report their performance for Q1. Investors in the crypto market will be on the lookout for the best-performing stocks, providing insight into future growth patterns, especially with <a href="https://coingape.com/crypto-with-high-transaction-speed/" rel="noopener noreferrer nofollow">cryptocurrencies</a> dealing with high volatility. Meanwhile, <a href="https://coingape.com/markets/crypto-price-analysis-20-5-altcoins-see-higher-rally-as-btc-holds-strong-above-66000/" rel="noopener noreferrer nofollow">Bitcoin (BTC) price</a> has shown resilience, navigating the crypto earnings calendar by returning above $67,000 chasing the current record highs of $73,837, <a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/bitcoin">CoinGecko</a> data shows.
<h2 class="p1" id="what-the-crypto-earning-calendar-means-to-investors">What The Crypto Earning Calendar Means To Investors</h2>
The Earnings season calls upon investors to reevaluate their positions in various stocks. Analysts’ reviews and reports will also come in handy during this period. Insights from these reports will play a critical role for investors seeking to understand the performance of publicly traded crypto companies as well as help shape the trends for the broader market.
According to a report by Finextra, “Each earnings report this week provides valuable data that can influence investment decisions and market perspectives. As always, staying informed and analyzing these reports in the context of global economic conditions will be key to navigating the markets effectively.”
Companies that have already released their earnings in May include Robinhood, and Coinbase while DMG Blockchain Solutions and Crypto Co are expected to hold financial update on May 20.
Often crypto stocks perform well when crypto prices are moving up and retreat in tandem with pullbacks in digital assets. MicroStrategy (MSTR) stock has in the last two quarters achieved unprecedented levels buoyed by the bullish narrative, especially with <a href="https://coingape.com/bitcoin-news-exchange-supply-hits-bottom-at-1-7m-btc-price-to-rally/" rel="noopener noreferrer nofollow">Bitcoin price</a>.
The stock according to Yahoo Finance data changes at $1,668 from January’s lowest point of $448. Following the correction in Bitcoin price to $56,500 in April, MSTR retraced to $1,030 before resuming the uptrend, mirroring the bullish outlook in BTC in May.
<figure id="attachment_197870" aria-describedby="caption-attachment-197870" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-197870" src="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31.png" alt="MicroStrategy (MSTR) stock price chart | Yahoo Finance" width="2278" height="1384" srcset="https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31.png 2278w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-300x182.png 300w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-1224x744.png 1224w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-768x467.png 768w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-1536x933.png 1536w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-2048x1244.png 2048w, https://coingape.com/wp-content/uploads/2024/05/Screenshot-2024-05-20-at-20.42.31-150x91.png 150w" sizes="(max-width: 2278px) 100vw, 2278px">
 <figcaption id="caption-attachment-197870" class="wp-caption-text">
 MicroStrategy (MSTR) stock price chart | Yahoo Finance
 </figcaption>
</figure>
<h2 class="p1" id="bitcoin-price-ignites-breakout-to-close-gap-to-100-000">Bitcoin Price Ignites Breakout To Close Gap To $100,000</h2>
After playing doldrums during the weekend correction below $67,000, <a href="https://coingape.com/price-predictions/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">BTC</a> has renewed its bullish outlook, topping $68,000 on Monday. A 64% surge in the trading volume to $28 billion backs a 2.65% increase in value to $68,470, based on <a rel="noopener noreferrer nofollow" href="https://coinmarketcap.com/currencies/bitcoin/">CoinMarketCap</a> data.
<figure id="attachment_197869" aria-describedby="caption-attachment-197869" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-197869" src="https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09.png" alt="Bitcoin price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09.png 2694w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/05/BTCUSD_2024-05-20_21-30-09-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-197869" class="wp-caption-text">
 Bitcoin price chart | Tradingview
 </figcaption>
</figure>
Several indicators and matters reinforce the bullish thesis, starting with a buy signal from the Moving Average Convergence Divergence (MACD) indicator. Green histograms also validate the uptrend reaching $70,000.
FOMO will likely kick in as <a href="https://coingape.com/bitcoin-price-hit-new-highs-but-there-condition/" rel="noopener noreferrer nofollow">Bitcoin</a> climbs above $70,000. Action beyond the record high in March could quickly close the gap to $80,000 affirming a breakout to $100,000.
A golden cross pattern formed when the 20-day Exponential Moving Average (EMA) climbed above the 50-day EMA shows that buyers have the upper hand. Traders will be on the lookout for a daily close above $68,000—a move likely to prevent further correction while favoring a breakout above $70,000.
The post <a href="https://coingape.com/markets/navigating-the-upcoming-crypto-earnings-calendar-bitcoin-price-explosive-rally-to-100000-imminent/" rel="noopener noreferrer nofollow">Navigating the Upcoming Crypto Earnings Calendar: Bitcoin Price Explosive Rally To $100,000 Imminent?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Navigating the Upcoming Crypto Earnings Calendar: Bitcoin Price Explosive Rally To $100,000 Imminent?

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