It’s been a hazy begin to 4 seasons for bitcoin, but here comes sunlight. 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 cost is ready to get a rebound. Also it appears the stars are beginning to align with the that occurs from the second quarter. CNBC’s Brian Kelly outlined the drivers with the bitcoin price for your new quarter, and we’ve included with them.

US Tax Season’s Nearly Over
April 15 marks no more tax season in the us, and it’s approaching. Investors who profited from bitcoin’s massive rally in December are experiencing to get the cash to pay for Uncle Sam now, that could explain a portion in the selling pressure from the bitcoin price in March. Kelly noted that any “tax-related selling” that’s been happening in March is going to come to an end within a nothing but per week. (Separately, Kelly also noted how the blockbuster $2 billion Telegram ICO may have attracted investments from BTC.)

Coincheck Deal in Sight
As CCN previously reported, Japan’s Coincheck may be on the market. Not only is it available though the potential buyer, online brokerage Monex Group, could be the parent company of US-based TradeStation (with massive data and charting capabilities) and is also publicly traded.

“It’s a massive confidence boost; you now have the 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
If you don’t were thinking of buying the dip, March was challenging to await bitcoin investors. But however the bitcoin price suffered, the performance only proves that history repeats itself. March is historically a dismal month for that leading cryptocurrency, “rising just one of the last seven years [in 2013],” much like Fundstrat data.

That’s nice thing about it for April because historically, this is the most effective trading months for the bitcoin price, “rising five from the last seven years,” Fundstrat says.

Other Tailwinds
The forces for bitcoin are stronger than the forces against it. While these three drivers in the bitcoin price appear imminent, there may be others. For instance, major bitcoin markets around the globe like the United States are awaiting a regulatory framework to look at shape to make uncertainty from the equation, among some other reasons. It could be the catalyst the cryptocurrency markets must bring them outrageous.

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