It’s been a hazy learn to the year for bitcoin, but here comes the sun’s rays. 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 cost is ready for the rebound. Plus it appears the heavens are starting to align for your to happen in the second quarter. CNBC’s Brian Kelly outlined the drivers from the bitcoin price to the new quarter, and we’ve put into them.

US Tax Season’s Nearly Over
April 15 marks no more tax season in the usa, and it’s coming. Investors who profited from bitcoin’s massive rally in December are receiving to get the amount of money to spend The government now, which could explain a share with the selling pressure from 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 per week. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO might have attracted investments from BTC.)

Coincheck Offer Sight
As CCN previously reported, Japan’s Coincheck might be on the market. Not only is it available for sale but the potential buyer, online brokerage Monex Group, will be the parent company of US-based TradeStation (with massive data and charting capabilities) and is openly traded.

“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
If you do not were thinking about buying the dip, March was difficult to watch out 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 just one with the last seven years [in 2013],” depending on Fundstrat data.

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

Other Tailwinds
The forces for bitcoin are stronger compared to forces against it. While these three drivers of the bitcoin price appear imminent, there may be others. As an illustration, major bitcoin markets worldwide such as United States are awaiting a regulatory framework to take shape to consider the uncertainty out from the equation, among some other. It can be the catalyst the cryptocurrency markets need to drive them too much.

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