ChainThink reports that on March 17, the crypto market saw a strong rebound, with the following bullish perspectives summarized:
Yi Lihua, founder of Liquid Capital (formerly LD Capital), said: "I'm fully long on the rebound; I'm not expecting a reversal or shorting at this point. After such a sharp decline, a significant rebound is inevitable—BTC rebounding to $85,000 or even $90,000 is reasonable."
Strategy founder Michael Saylor has published a bullish outlook on BTC amid the AI craze: “If AI compresses terminal value and makes all moats temporary, capital will flow toward assets immune to disruption. Bitcoin is digital capital—scarce, neutral, and unaffected by AI disruption. In this transition, BTC should be the primary beneficiary.”
Renowned trader Eugene said: I have switched to a long position. It is noteworthy that, despite the overall weakness in global risk assets, the crypto market has shown relative strength—this is the first sign of relative strength since Bitcoin’s drop from $60,000. Although I didn’t catch the absolute bottom, I prefer to enter long positions after a breakout from the consolidation range, as this approach better manages risk. Meanwhile, numerous altcoins have formed very natural rounded-bottom patterns, leading me to believe that the probability of a short-term rally in the crypto market is higher. If Bitcoin effectively breaks above $74,000, the entire crypto market could see a broad-based rally; I expect major assets like ETH and SOL to return to their previous trading ranges (ETH at $2,400 / SOL at $100).
Cryptocurrency analyst Murphy stated that after the March 20 expiration date, the BTC options structure will make $75,000 the new focal point, shifting from previous "volatility suppression" to "volatility amplification," while creating resistance near $80,000 and support in the $65,000–$67,000 range. The options structure shows significantly higher Call OI than Put OI, indicating that substantial capital is being wagered on BTC rising toward $75,000.
Tom Lee is bullish on U.S. stocks first reaching new highs: After experiencing mostly narrow consolidation so far this year, the S&P 500 is expected to continue rising over the coming weeks. However, U.S. equities will enter a bear market this year—after first climbing to a new record high. We are currently in a phase where software stocks, the Magnificent Seven, and cryptocurrencies have already endured bear markets and shed significant speculative positions. Our assessment is that the market will actually rise before month-end, close March higher, and potentially reach 7,300 for the S&P 500. Later this year, we believe a bear market may emerge.
Famous trader and chart analyst Peter Brandt highlighted a "broadening top" pattern on the BTC daily chart, suggesting a potential short-term surge in Bitcoin. This "broadening top" pattern, originating from Richard Schabacker’s 1934 book "Technical Analysis and Stock Market Profits," is an H-shaped expansion pattern often signaling a price reversal or breakout.
Analyst firm Bernstein stated that Bitcoin is developing a more resilient ownership structure, remaining resilient during recent Middle East conflicts and outperforming traditional assets such as gold and global stock indices. The maturation of spot Bitcoin ETFs and demand from corporate treasury buyers have transformed Bitcoin’s investor base, reducing reliance on speculative retail capital and strengthening its long-term outlook.
Analysis firm Glassnode suggests that a breakout above $75,000 for BTC could amplify upward momentum: there is currently a large concentration of negative gamma positions near the $75,000 strike price in the Bitcoin options market. Market makers appear to hold widespread structural short positions in call options at this level. As the spot price approaches this region, hedging activities may intensify, potentially amplifying upward price movements.