Take the sequence $f_n(t)=t^n$, $0\le t\le 1$. Then $\{f_n\} \subset \overline{B(0,1)}$, but we have no subsequence of $\{f_n\}$ converging in $C([0,1])$. So the unit ball is not compact in $C([0,1])$?
Could someone elaborate on this? Why do we have no subsequence of $\{f_n\}$ converging in $C([0,1])$? What does such a subsequence look like? Where does the subsequence converge if it does not converge in $C([0,1])$?