Last year we all witnessed the Bitcoin craziness and held our hearts from bursting with the prices going extreme highs and deep lows. This year we all should be expecting a comeback for this cryptocurrency in the second quarter. This is why we believe this is about to happen.
1. Tax Season
US tax season is over. This happens every 15th of April and investors who made huge profits and investments in December are now trying massively to sell their bitcoins. This explains why there was pressure put on this currency’s price in March.
2. The Coincheck Deal
Japan’s Coincheck is on sale. Rumor has it that the potential buyer is an online brokerage named Monex Group. Monex Group is a part of another great company named TradeStation based in the US. This means that a public company in Japan is investing into crypto exchange. This will massively boost Bitcoin’s morale.
3. Let’s Repeat History
Even though the price of Bitcoin doesn’t seem alluring and it went through a lot of suffering, its performance says something different. March is a terrible month for cryptocurrencies but April, on the other hand, is always the best months for crypto-trading, at least that’s what statistics show. This is why we are expecting a steady rise in the following months.
It’s very important to remember that there are many other influences on bitcoin’s price. For example, the entire world is waiting for a regulation on the entire market so we can’t say yet how will that might affect the future of bitcoin.
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