Is "Tax Day" behind the recent rise of Bitcoin?

Bitcoin is on the rise, with its price rising by more than 17% against the dollar in just one day. On Friday morning, it climbed to over $ 8,000 for the first time in two weeks, valued at $ 8,050 by the time the article was written.
Why? As always, the causes that affect digital money's momentum are never clear, but some experts believe it may be related to April 17, which is the deadline for paying taxes. USA. Others argue that this is only a result of fears and political geographic punishments between countries.
The "tax day" theory states that people need to liquidate their bitcoin assets ahead of time to get enough dollars to pay their taxes; Most people have done this so say goodbye to the sale.
This is supported by the fact that Bitcoin has fallen sharply earlier this week, losing 6% of its value within two hours, to less than $ 7,000.
"The tax-related selling pressure has fallen at the moment," said Ryan Taylor, chief executive of Dash Core Digital Money Software, to CNN. "When everyone receives a return, then there is a new amount of money coming in."
However, as Bitcoin suddenly rose on Thursday, online discussions almost claimed that it was related to the military threats the White House made to Russia in Syria, or sanctions. Targeted on Russia and imposed taxes on China, it is widely believed that Russian and Chinese citizens may be buying Bitcoin to steal their money out of these countries.
Of course, both of these can be true. Anyway, we still have a long way to go to the $ 15,000 (which peaked at $ 19,000) that Bitcoin had enjoyed last year, before anything went wrong.
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