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Bitcoin faces 2023 resistance levels next after the weekly close sees a 3% BTC price push. Bitcoin (BTC) hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. BTC/USD 1-hour chart. Source: TradingView Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly close above $30,000 since the summer, going on to tackle levels closer to key long-term resistance. This included the 2023 high, currently at $31,800. “Bitcoin is back at key resistance for the third time in 6 months,” popular trader Jelle responded in one of the day’s X posts. “Time to be cautious, but I don't think you want to be bearish here just because we're reaching resistance. The level will eventually give in -- and the move will be explosive. Tick... Tock…” BTC/USD annotated chart. Source: Jelle/X Analyst Matthew Hyland...

Ethereum (ETH) currently faces mixed sentiments as it witnesses a bullish and bearish metrics surge, including an 8-month high number of sending addresses. Glassnode called attention to these metrics in a series of disclosures on X (formerly Twitter). The leading crypto data provider highlighted four critical metrics demonstrating investor sentiments in the Ethereum market as the asset retests $1,600. The first metric underscores a decline in addresses receiving Ethereum over the past seven days. This indicator recently hit a one-month low of 8,780.  #Ethereum $ETH Number of Receiving Addresses (7d MA) just reached a 1- month low of 8,780.256 Previous 1- month low of 8,781.738 was observed on 29 August 2023 View metric:https://t.co/Vm6VJY2z37 pic.twitter.com/2XP74ZS9gq — glassnode alerts (@glassnodealerts) September 13, 2023 Moreover, data suggests a potential drop in interest or a decrease in network activity. It’s worth noting that this metric has been stead...