Bitcoin's weekly chart has pushed into overbought territory, and history says that has been a buy signal rather than a warning — good news for holders.

• Bitcoin just made its first weekly push into the zone that usually marks an overheated market.
• The same setup has shown up 19 times in the past decade, and it was followed by gains far more often than losses.
• Median returns after those signals ran near 20% a month out and over 40% about ten weeks later.
• A repeat of that pattern would put Bitcoin back near its old record high by early December.
• A bullish weekly reversal candle is flashing at the same time, reinforcing the signal.

Outlook: If the pattern holds, Bitcoin grinds higher into December and retests its previous all-time high.