It’s been a hazy will the year for bitcoin, but here comes sunshine. After shedding $119 billion-plus by reviewing the market cap in Q1 amid pressure from regulators and the cold shoulder from advertising platforms, the bitcoin prices are ready for the rebound. Also it appears the celebrities are beginning to align with the to occur in the second quarter. CNBC’s Brian Kelly outlined the drivers with the bitcoin price to the new quarter, and we’ve included with them.

US Tax Season’s Nearly Over
April 15 marks the end of tax season in the United States, and it’s near. Investors who profited from bitcoin’s massive rally in December have to generate the cash to pay The government now, which could explain a portion in the selling pressure inside the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March is going to come to an end within a nothing more than a 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 might be in your area. It’s not only 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 traded.

“It’s an enormous 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
If you don’t were thinking about buying the dip, March was difficult to watch out for bitcoin investors. But however the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for your leading cryptocurrency, “rising only 1 in the last seven years [in 2013],” depending on Fundstrat data.

That’s nice thing about it for April because historically, that is one of the best trading months for the bitcoin price, “rising five in 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 may be others. For example, major bitcoin markets worldwide such as the U . s . are awaiting a regulatory framework to adopt contour around consider the uncertainty from the equation, among some other reasons. Maybe it’s the catalyst the cryptocurrency markets must drive them too much.

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