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Bitcoin Price Forecast: BTC consolidates ahead of MicroStrategy Q1 earnings, strategic Bitcoin reserve deadline :

Bitcoin (BTC) is extending its consolidation streak to five consecutive days, trading around $95,000 on Wednesday, as investors await a decisive breakout. A K33 report highlights two key events to watch this week: MicroStrategy’s Q1 earnings release and the approaching deadline for the Strategic Bitcoin Reserve.

Institutional demand for Bitcoin remains strong, supporting a bullish thesis, as US spot Exchange Traded Funds (ETFs) recorded an inflow of $172.78 million on Tuesday, continuing the positive trend seen since April 17.

Bitcoin price is extending its consolidation streak, trading around $95,000 on Wednesday, as traders await a decisive breakout.

MicroStrategy’s Q1 earnings release and the approaching deadline for the Strategic Bitcoin Reserve have the potential to move BTC price.

US spot Bitcoin ETFs recorded an inflow of $172.78 million on Tuesday, continuing the trend of inflows since April 17.

Bitcoin traders await MicroStrategy's Q1 earnings :

The K33 report speculates that positive news will emerge from MicroStrategy’s Q1 earnings presentation on Thursday, as the company nearly depleted its $21 billion at-the-market (ATM) shelf offering this week. The analyst explains that the massive $21 billion ATM announced by MSTR on October 30, 2024, is now practically emptied after another BTC purchase on Monday.

Six months after this announcement, $128.7 million remains of the original $21 billion ATM offering. Nonetheless, other funding sources, such as convertibles and perpetual preferred stock offerings Strife (STRF), have moved slower. MicroStrategy Executive Chairman “Michael Saylor seems more than determined to deploy as much capital as frequently and aggressively as possible to grow the company’s BTC treasury,” the analyst says.