Bitcoin just hit a rare overbought signal on its weekly chart, and history says that is good news for buyers rather than a warning.

• The weekly chart turned overbought two weeks ago, with Bitcoin near $80,000-$81,000 at the time.
• In 12 of the last 13 times this happened, Bitcoin gained a median 26% within a month.
• Applying that same move to the $80,000 area points to a little above $100,000.
• This is the most bullish setup on the board right now, though medians come with wide variance.

Outlook: If the pattern holds, Bitcoin pushes past $100,000 within weeks.

## Bitcoin Levels

• **Bias:** Bullish
• **Buy / accumulate:** $80,000-$81,000 area (where the signal fired)
• **Targets:** Slightly above $100,000 within a month of the signal