It’s been a hazy will the season for bitcoin, but here comes sunlight. After shedding $119 billion-plus from its market cap in Q1 amid pressure from regulators along with the cold shoulder from advertising platforms, the bitcoin cost is ready for a rebound. Plus it appears the celebrities have started to align with the to happen inside the second quarter. CNBC’s Brian Kelly outlined the drivers in the bitcoin price for your new quarter, and we’ve combined with them.

US Tax Season’s Nearly Over
April 15 marks eliminate tax season in the usa, and it’s coming. Investors who profited from bitcoin’s massive rally in December are having to get the bucks to spend The government now, that could explain a part with the selling pressure within the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will probably end in a nothing but weekly. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO may have attracted investments away from BTC.)

Coincheck Deal in Sight
As CCN previously reported, Japan’s Coincheck could be on the block. It’s not only 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 is publicly owned.

“It’s a massive confidence boost; an individual has a regulated public company in Japan buying in 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 challenging to look for bitcoin investors. But however the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for the leading cryptocurrency, “rising only 1 in the last seven years [in 2013],” as per Fundstrat data.

That’s nice thing about it for April because historically, this really is the most effective trading months for that bitcoin price, “rising five from the last seven years,” Fundstrat says.

Other Tailwinds
The forces for bitcoin are stronger as opposed to forces against it. While these 3 drivers with the bitcoin price appear imminent, there could be others. For example, major bitcoin markets around the world including the Usa are awaiting a regulatory framework to consider contour around consider the uncertainty out from the equation, among other reasons. It can be the catalyst the cryptocurrency markets need to drive them over the top.

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