It’s been a hazy start to the season for bitcoin, but here comes sunlight. After shedding $119 billion-plus from the market cap in Q1 amid pressure from regulators and the cold shoulder from advertising platforms, the bitcoin price is ready for any rebound. And yes it appears the stars have started to align with the that occurs in the second quarter. CNBC’s Brian Kelly outlined the drivers of the bitcoin price to the new quarter, and we’ve included with them.

US Tax Season’s Nearly Over
April 15 marks eliminate tax season in america, and it’s approaching. Investors who profited from bitcoin’s massive rally in December have to get the bucks to cover The government now, that could explain a share of 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 just per week. (Separately, Kelly also noted that this blockbuster $2 billion Telegram ICO could have attracted investments far from BTC.)

Coincheck Deal in Sight
As CCN previously reported, Japan’s Coincheck might be in the street. Multiple on the market but 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 operated.

“It’s a massive confidence boost; there are a 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
Unless you were looking to buy the dip, March was tough to watch out for bitcoin investors. But although the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for your leading cryptocurrency, “rising just one in the last seven years [in 2013],” depending on Fundstrat data.

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

Other Tailwinds
The forces for bitcoin are stronger compared to the forces against it. While these 3 drivers from the bitcoin price appear imminent, there may be others. For example, major bitcoin markets all over the world such as the U . s . are awaiting a regulatory framework to adopt contour around take the uncertainty from the equation, among some other. Maybe it’s the catalyst the cryptocurrency markets have to drive them too much.

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