It’s been a hazy will the year for bitcoin, but here comes sunlight. After shedding $119 billion-plus looking at the market cap in Q1 amid pressure from regulators and the cold shoulder from advertising platforms, the bitcoin costs are ready for a rebound. Also it appears the heavens have started to align for that to happen in the second quarter. CNBC’s Brian Kelly outlined the drivers in the bitcoin price for the new quarter, and we’ve added to them.

US Tax Season’s Nearly Over
April 15 marks no more tax season in the us, and it’s approaching. Investors who profited from bitcoin’s massive rally in December are experiencing to come up with the cash to cover Uncle Sam now, which could explain a part from the selling pressure inside the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will ended in a little more than weekly. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO may have attracted investments faraway from BTC.)

Coincheck Deal in Sight
As CCN previously reported, Japan’s Coincheck might be in the street. It is not only available though the potential buyer, online brokerage Monex Group, is the parent company of US-based TradeStation (with massive data and charting capabilities) and it is openly traded.

“It’s an enormous confidence boost; you now have a regulated public company in Japan buying right into a crypto exchange,” Brian Kelly, CEO of BK Capital Management, told CNBC.

Kelly added that “massive, massive sentiment shift.”

History Is on Bitcoin’s Side
Until you were looking to buy the dip, March was hard to look for bitcoin investors. But even though the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for that leading cryptocurrency, “rising only 1 in the last seven years [in 2013],” as per Fundstrat data.

That’s great news for April because historically, that is the most effective trading months for your bitcoin price, “rising five from the last seven years,” Fundstrat says.

Other Tailwinds
The forces for bitcoin are stronger compared to the forces against it. While these 3 drivers in the bitcoin price appear imminent, there could be others. For example, major bitcoin markets around the world such as the United States are awaiting a regulatory framework to look at shape to take the uncertainty out of the equation, among some other. It could be the catalyst the cryptocurrency markets should drive them too much.

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