It’s been a hazy start to the season 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 along with the cold shoulder from advertising platforms, the bitcoin prices are ready for a rebound. Plus it appears the heavens have started to align to the to take place inside the second quarter. CNBC’s Brian Kelly outlined the drivers with the bitcoin price for 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 usa, and it’s near. Investors who profited from bitcoin’s massive rally in December are having to generate the cash to cover The government now, which could explain a percentage with the selling pressure inside the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March will probably come to an end inside a just weekly. (Separately, Kelly also noted that the blockbuster $2 billion Telegram ICO might have attracted investments far from BTC.)

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

“It’s a tremendous confidence boost; an individual has 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 thinking about buying the dip, March was challenging to look 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 only 1 of the last seven years [in 2013],” depending on Fundstrat data.

That’s nice thing about it for April because historically, this really is among 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 as opposed to forces against it. While these three drivers in the bitcoin price appear imminent, there might be others. For example, major bitcoin markets around the globe such as the U . s . are awaiting a regulatory framework to consider contour around make uncertainty out of your equation, among some other reasons. Maybe it’s the catalyst the cryptocurrency markets must drive them extraordinary.

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