Cryptocurrencies are outshining traditional assets like gold, leading to a decline in the precious metal’s price. Analyst Michael van de Poppe predicts this shift could signal a major change in investor sentiment. Gold prices dropped from $3,381 on June 2nd to $3,309 by June 6th – a decrease of 2.21% in just four days – and a further 1.92% over two days. This downturn has prompted short-term bearish signals. van de Poppe warns that if gold fails to reclaim the crucial $3,365 threshold, prices could plummet by another 4% to 10% within weeks. His prediction highlights a potential market decline of up to 4% to 10%. If gold breaks through resistance at $3,365, it could potentially rally and reach all-time highs; however, significant trading volume is needed for confirmation.