**Crypto Market Update: Bitcoin Bounces Back, Altcoins Follow Suit**

Bitcoin (BTC) has rebounded sharply from its recent dip below $50,000, showing strong buying interest at lower levels. However, veteran trader Peter Brandt warns there's still a 50% chance BTC could drop below $40,000. Despite this, the Bitcoin bull-bear market cycle indicator has flipped bullish again, according to CryptoQuant's CEO Ki Young Ju.

This recovery has sparked interest in select altcoins, with many attempting to start new upward moves. If Bitcoin stays above $60,000, the altcoin rally could gain momentum.

Key resistance levels for Bitcoin include $70,000 to $73,777. If BTC breaks above these, it could rise further. Conversely, a drop below $59,500 might signal a bearish comeback, potentially pushing BTC down to $55,724.

Ethereum (ETH) is also trying to recover, aiming for the $2,850 mark. A break above $2,724 could see ETH reaching $3,400, while a drop below $2,550 might push it down to $2,300.

Other notable movers include Sui (SUI), Bittensor (TAO), and Notcoin (NOT), all showing signs of potential trend changes. However, each faces critical resistance levels that need to be overcome for sustained upward momentum.

Investors should stay cautious and conduct their own research before making any trading decisions.