BTC Price Chart Prints Diamond Top Pattern Hinting At Price Drop to $97,300 Before New ATH Prices

BTC price chart prints diamond top pattern hinting at price drop to $97,3000.

The price of ETH is also expected to experience a small price drop

Soon after the dip, both BTC and ETH are likely to see new ATH prices.

The pioneer cryptocurrency, Bitcoin (BTC), is expected to hit new ATH prices. However, analysts believe that a short crypto market dip will take place first. The BTC price chart prints diamond top pattern supporting this expectation. The price of BTC could drop to the $97,300 target playing out one last test below $100,000 before surging to claim new ATH prices. A similar move could play out for ETH price as well.

BTC Price Chart Prints Diamond Top Pattern

Last month, when the price of BTC reclaimed $95,000 range prices, many reputed analysts set the next bull target for BTC between $100,000 and $103,000. This prediction came true in May, and the price of Bitcoin (BTC) is now maintaining its 6-digit prices by bouncing between $102,000 and $105,000. Now, analysts expect the price of BTC to drop one more time for a possible last test before retracing back to $100,000

As we can see from the post above, this reputed crypto trader shares an interesting observation on the BTC price chart. In detail, the BTC price chart prints a diamond top pattern on the Bitcoin 4-hour chart. Having analyzed this pattern, the analyst expects the price of BTC to fall to the $97,300 price target for one last test below the $100,000 price range, and a higher price return

This pattern supports the several claims for various analysts who were expecting BTC price to dip to $99,000 prices before surging back to reclaim previous ATH prices and going on to set much higher new ATH targets. So far, some brave and vigilant BTC whales have make the risky move to short BTC price and reap the benefits of the upcoming crypto market price dip. In addition, this dip is expected to affect altcoins prices as well

ETH Prepares to Reclaim $4,000 Target

As always, the price of BTC and its actions always affect the price of altcoins as well, specifically, the pioneer altcoin Ethereum (ETH). For instance, in Q1 of 2025, when altcoins were expected to pump and summon altseason peak, the price of Bitcoin instead went into a prolonged correction, taking altcoin prices down with it. The price of Ethereum (ETH) then set a new bottom and bounced back quickly to pump past the $2,500 price target

As we can see from the post above, this analyst says that Ethereum has just completed a Wyckoff Spring. He elaborates this with the image provided in the post. Here, the analyst calls the $1,400 wick pure capitulation and confirms that a $4,000 ETH price is back on the table. Declaring that ETH whales are ready, he encourages traders to prepare for a massive ETH price pump to $4,000.