As of the publication date, January 5, BTC was trading at $101,550, indicating a 5.5% increase since the beginning of 2025.
Despite these recent challenges, there remains an overall sense of optimism — none of the fundamental, deep-rooted reasons that drove the initial surge in November have vanished.
However, investors are somewhat fatigued — and a prolonged accumulation phase may lead many to seek "greener pastures," especially given that altcoins have recently shown strong upward momentum.
A well-known cryptocurrency technical analysis expert recently pinpointed a critical inflection point by identifying a chart pattern that outlines both the severity of a potential correction and the level above which BTC must close to avoid it.
The "head and shoulders" pattern is a reversal model that signals the bullish trend that has prevailed until now is nearing its end. One such pattern was identified by Ali Martinez, who shared his insights on X.