According to Trader Tardigrade, Bitcoin's 4-hour chart currently displays a bullish pennant pattern, which is a technical indicator often associated with a continuation of upward price momentum. The analysis sets a concrete breakout target at $117,000 for BTC if the pattern confirms, highlighting potential for significant gains. Traders should monitor key resistance and support levels closely, as a confirmed breakout could draw increased institutional and retail interest, leading to higher trading volumes and volatility in the cryptocurrency market (source: Trader Tardigrade via Twitter, May 23, 2025).