It’s been a hazy begin to the season for bitcoin, but here comes the sun’s rays. After shedding $119 billion-plus from the market cap in Q1 amid pressure from regulators along with the cold shoulder from advertising platforms, the bitcoin prices are ready for a rebound. And yes it appears the celebs have started to align for that that occurs within the second quarter. CNBC’s Brian Kelly outlined the drivers with the bitcoin price for the new quarter, and we’ve put into them.

US Tax Season’s Nearly Over
April 15 marks the end of tax season in the us, and it’s coming. Investors who profited from bitcoin’s massive rally in December have to get the amount of money to pay for The government now, which could explain a share of the selling pressure within the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will probably come to an end inside a little more than every week. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO might have attracted investments away from BTC.)

Coincheck Provide Sight
As CCN previously reported, Japan’s Coincheck could possibly be on the block. Not only is it available for sale 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 publicly owned.

“It’s a tremendous confidence boost; you now have the regulated public company in Japan buying 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 thinking about buying the dip, March was hard to watch for bitcoin investors. But although bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for the leading cryptocurrency, “rising only one with the last seven years [in 2013],” much like Fundstrat data.

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

Other Tailwinds
The forces for bitcoin are stronger as opposed to forces against it. While these 3 drivers of the bitcoin price appear imminent, there might be others. As an illustration, major bitcoin markets around the globe such as United States are awaiting a regulatory framework to look at fit around consider the uncertainty out of the equation, among other reasons. Maybe it’s the catalyst the cryptocurrency markets have to bring them over the top.

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