Bitcoin targets $62,000 level before resuming downtrend

Bitcoin's (BTC) price is recovering from initial weekly losses after a 7% drop on Monday, trading 3.8% higher at $57,245 at the time of writing on Thursday. source: https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-poised-for-a-potential-relief-rally-before-continuing-its-current-downtrend-202408080830