$BTC

In the chart below, I plotted intrawEEK price action for the past three years and grouped weeks into:
•the top 33% most bullish weeks
•the middle 33% (average weeks)
•the bottom 33% most bearish weeks

For example, green band shows where 80% of closes occurred during the most bullish weeks.

Right now, price is clearly tracking the bullish profile. One early takeaway: bullish weeks tend to grind higher throughout the week.

How much higher? That’s where confidence targets come in. Plotting them highlights the price levels that a given percentage of bullish or bearish weeks historically reach.

Price has now tagged the 80% confidence target, meaning it has reached the level that 80% of bullish weeks typically achieve in terms of displacement.

Given the bullish week profile and some simple time-based stats from @BrighterData , it’s reasonable to think there may still be room left this week: 80.8% of bullish weeks print their weekly high later than the current high