Bitcoin's chart is painting an interesting picture right now—we're looking at a distinct double-top 'M' formation paired with a double-bottom setup. The price action has most traders glued to their screens.

Here's what's on the radar: we're approaching a critical decision point around January 2nd. The question everyone's asking—will BTC break down and retest those April lows, or does a rally to $90k kick off before the inevitable pullback?

It's one of those moments where technicals matter, but psychology matters more. Both scenarios are on the table. Watch the support levels closely; they'll tell you which way this one's headed.

Meanwhile, certain altcoins are showing solid responsiveness to BTC's moves—worth keeping tabs on if you're looking for secondary plays.