Bitcoin's price surge on Wednesday to the $87,000 threshold has reignited bullish sentiment in the market.
A strong support zone for Bitcoin has been identified between the $65,000 and $71,000 price range, acting as a critical foundation for bullish momentum.
On-chain expert BorisVest suggests that purchasing Bitcoin in this range could result in substantial long-term profits, with an expectation of an impending major rally to a new all-time high.
Bitcoin's market value has seen a slight growth, stabilizing at the $87,300 mark, while altcoins are still lagging behind.