It’s been a hazy begin to the entire year for bitcoin, but here comes the sun’s rays. After shedding $119 billion-plus from its market cap in Q1 amid pressure from regulators and also the cold shoulder from advertising platforms, the bitcoin costs are ready for any rebound. And yes it appears the celebs are beginning to align to the to take place within the second quarter. CNBC’s Brian Kelly outlined the drivers of the bitcoin price for that new quarter, and we’ve included with them.

US Tax Season’s Nearly Over
April 15 marks no more tax season in the usa, and it’s just around the corner. Investors who profited from bitcoin’s massive rally in December have to get the cash to pay for Uncle Sam now, which could explain a percentage of the selling pressure in the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will almost certainly ended within a nothing but weekly. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO could possibly have attracted investments from BTC.)

Coincheck Deal in Sight
As CCN previously reported, Japan’s Coincheck could possibly be in your area. Not only is it for sale but the potential buyer, online brokerage Monex Group, could be the parent company of US-based TradeStation (with massive data and charting capabilities) which is publicly owned.

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

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

Other Tailwinds
The forces for bitcoin are stronger compared to forces against it. While these 3 drivers from the bitcoin price appear imminent, there may be others. As an example, major bitcoin markets around the world like the Usa are awaiting a regulatory framework to adopt contour around take the uncertainty out of the equation, among some other. Maybe it’s the catalyst the cryptocurrency markets have to bring them outrageous.

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