Bitcoin (BTC) has bounced back to $62,000 on June 25, showing signs of recovery after a shaky week. The cryptocurrency had hit a seven-week low of $58,500, triggering a wave of sell-offs. The Relative Strength Index (RSI) for Bitcoin also hit its lowest since August 2023. Trading resource CoinGlass reported that total BTC long liquidations for June 24 were just under $150 million. Trader Daan Crypto Trades suggests a target of $65K in the short term. However, ongoing strength for the U.S. dollar could pose a challenge for Bitcoin's recovery.