Bitcoin's price is hovering just below $67,000, currently trading at $66,600. Despite a 5% increase since May 13, the cryptocurrency has seen a 0.8% decline in the past 24 hours. According to 10x Research, Bitcoin's price action has shown significant improvement since last week, rebounding towards the late April resistance zone of $67,500.

Although weekly new addresses on the Bitcoin network have fallen to their lowest level since 2018, smaller wallets have been liquidating their coins, which Santiment considers a bullish sign for the market. Additionally, U.S. spot bitcoin exchange-traded funds have seen five consecutive days of net inflows, totaling nearly $950 million in the past week.

Ether, the second-largest cryptocurrency, has seen a 0.17% increase in the past 24 hours, trading at $3,122. The U.S. Securities and Exchange Commission is expected to make a final decision on spot ether ETFs, with several fund managers anticipating a rejection due to a lack of communication with the SEC.

As the market awaits direction, Bitcoin's price remains stuck below $67,000, leaving traders wondering when the next move will come. Will Bitcoin break through the resistance zone and reach new all-time highs, or will it continue to trade sideways?