Gold’s Downtrend Signals Potential Altcoin Upside, Says Michaël van de Poppe

In a tweet on May 13, van de Poppe highlighted that gold has started printing lower highs, a classic technical signal indicating the start of a downtrend.A rejection at the $2,360–$2,380 zone, shown on the chart, suggests further short-term consolidation or decline in gold prices.Why It Matters for CryptoWith gold entering a potential cooling phase, van de Poppe believes liquidity and investor attention may shift toward altcoins, especially as Bitcoin dominance has shown signs of peaking in recent days.“That would indicate some short-term consolidation on gold and more upside on altcoins,” he noted. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: Crypto Market Cools as Bitcoin Retreats from Post-Tariff Highs This aligns with other bullish altcoin signals recently observed across on-chain metrics and cycle indicators. If gold’s retreat continues, risk-on sentiment could grow stronger—benefiting mid- to high-cap altcoins as capital rotates away from traditional safe havens.The post Gold’s Downtrend Signals Potential Altcoin Upside, Says Michaël van de Poppe appeared first on Coindoo.