Analysts outline bullish Bitcoin scenarios around $75,000 amid market rebound and options shift

Bitcoin drew bullish calls on March 17 as the crypto market rebounded, with analysts citing technical and structural factors that could support a move toward $85,000–$90,000, ChainThink reports. Trader Eugene said he switched to a long position, pointing to relative strength in crypto versus global risk assets and rounded-bottom patterns in many altcoins, while analyst Murphy noted the BTC options setup after the March 20 expiry will center around $75,000 and shift from "volatility suppression" to "volatility amplification", with Call open interest notably exceeding Put open interest at that level. Glassnode data show heavy negative gamma near the $75,000 strike could magnify upside as market makers hedge short calls, while Bernstein and others highlighted a more resilient Bitcoin ownership base driven by spot ETFs and corporate treasuries.