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Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000

The price of Bitcoin (BTC) has fallen nearly 12% since reaching an 11 month high on April 14th, to approximately $31068. The trading price of the largest cryptocurrency on Monday was slightly higher than $27500, as market participants still have doubts about its possible trend