As gold begins to show signs of weakness, crypto analyst Michaël van de Poppe points to a possible opportunity brewing in the altcoin market.
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 Crypto
With 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.
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.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/golds-downtrend-signals-potential-altcoin-upside-says-michael-van-de-poppe/