It’s been a hazy learn to the year for bitcoin, but here comes sunshine. After shedding $119 billion-plus from its market cap in Q1 amid pressure from regulators as well as the cold shoulder from advertising platforms, the bitcoin prices are ready for any rebound. And yes it appears the celebs are beginning to align for that to happen inside the second quarter. CNBC’s Brian Kelly outlined the drivers in the bitcoin price for that new quarter, and we’ve put into 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 experiencing to create the money to pay for Uncle Sam now, which may explain a percentage from 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 come to an end in the just every week. (Separately, Kelly also noted the blockbuster $2 billion Telegram ICO could possibly have attracted investments away from BTC.)

Coincheck Offer Sight
As CCN previously reported, Japan’s Coincheck could be on the market. Multiple on the market nevertheless 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; an individual has 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
If you do not were thinking of 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 to the leading cryptocurrency, “rising just one of the last seven years [in 2013],” depending on Fundstrat data.

That’s very good news for April because historically, this really is among the best trading months for the bitcoin price, “rising five from the last seven years,” Fundstrat says.

Other Tailwinds
The forces for bitcoin are stronger compared to the forces against it. While these 3 drivers of the bitcoin price appear imminent, there might be others. For instance, major bitcoin markets all over the world including the Usa are awaiting a regulatory framework to look at contour around take the uncertainty out of the equation, among some other. It could be the catalyst the cryptocurrency markets have to bring them outrageous.

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