Bitcoin struggled to recover from recent losses on May 11th after false rumors of US government sales caused a flash sell-off the day prior. However, analysts have denied these claims and data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,400 at the time of writing. Despite this, some traders are forecasting lower levels to come, with a target zone around the $25,000 mark. On a positive note, on-chain transaction fees have deflated considerably after reaching levels that had caused widespread uproar.