Crypto expert Michaël van de Poppe predicts potential upside for altcoins as gold prices show signs of a downtrend. According to van de Poppe, the classic technical signal of lower highs in gold price action indicates the start of a downtrend. He highlighted a rejection at the $2,360–$2,380 zone on the chart suggesting further short-term consolidation or a decline in gold prices. 💰 📈
Van de Poppe believes this shift in attention from traditional safe haven assets like gold to altcoins will likely accelerate due to Bitcoin’s dominance showing signs of peaking recently. He notes that this trend aligns with other bullish signals observed for altcoin markets.
If gold continues to retreat, risk-on sentiment could intensify—potentially benefiting mid- and high-cap altcoins as investors shift away from traditional safe haven assets.