Bitcoin's January 2nd price action is displaying classic Wyckoff accumulation characteristics on the chart. The structure shows a series of higher lows and contained price swings within a defined range—textbook distribution and accumulation dynamics. This kind of structural pattern often precedes significant directional moves once the range breaks decisively. Traders watching BTC have been monitoring whether buyers can sustain support levels and push through resistance zones. The accumulation phase typically involves smart money positioning before retail recognition catches up. Current technical setup suggests patience is warranted while the market works through this critical price formation stage.