It’s been a hazy start to the entire year for bitcoin, but here comes sunlight. After shedding $119 billion-plus by reviewing the market cap in Q1 amid pressure from regulators along with the cold shoulder from advertising platforms, the bitcoin costs are ready to get a rebound. Plus it appears the celebs start to align for that to take place inside the second quarter. CNBC’s Brian Kelly outlined the drivers of the bitcoin price for your new quarter, and we’ve added to 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 are receiving to come up with the amount of money to spend Uncle Sam now, that may explain a share in the selling pressure in the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will come to an end in the little more than every week. (Separately, Kelly also noted that this blockbuster $2 billion Telegram ICO could have attracted investments far from BTC.)

Coincheck Offer Sight
As CCN previously reported, Japan’s Coincheck could be in the street. It’s not only on the market 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 a tremendous confidence boost; you now have a regulated public company in Japan buying right 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 looking to buy the dip, March was challenging to watch for bitcoin investors. But even though the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for your leading cryptocurrency, “rising merely one in the last seven years [in 2013],” according to Fundstrat data.

That’s nice thing about it for April because historically, this is one of the best trading months for the bitcoin price, “rising five of 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 may be others. For instance, major bitcoin markets around the world such as United states of america are awaiting a regulatory framework to take shape to go ahead and take uncertainty out of your equation, among other reasons. It can be the catalyst the cryptocurrency markets must bring them extraordinary.

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