According to Trader Tardigrade, Bitcoin is currently forming a converging triangle pattern accompanied by decreasing trading volume, which historically signals a high probability of a major breakout. The trader has set a near-term target of $116,000 for BTC, citing the technical setup as a key indicator for traders to monitor closely. This technical pattern is widely watched among crypto traders for its potential to trigger significant price volatility and create short-term trading opportunities. Source: Trader Tardigrade (@TATrader_Alan, May 18, 2025).