Bitcoin’s price is nearing the $67,000 mark, currently trading at $66,600 as of 3 a.m. ET on Monday.

The top cryptocurrency by market cap is up about 5% since May 13, when it traded at $63,000. However, over the past 24 hours, bitcoin has traded down nearly 0.8%, according to The Block’s price page.

“Bitcoin’s price action has significantly improved since last week,” research firm 10x Research wrote on X on Monday. “Prices have rebounded towards their late April resistance zone ($67,500), surpassing the early May highs ($64,000) — a breakthrough above $67,500 could potentially lead to new all-time highs,” the firm said.

This comes as weekly new addresses on the Bitcoin network, which approached its all-time high just six months ago, have fallen to …