Bitcoin: Gold Ratio Signals Altcoin Consolidation

Michaël van de Poppe states the Bitcoin versus gold chart remains compelling, with BTC still down 50% in relative valuations and resembling the 2023 period when it barely escaped its downtrend before advancing.

Price action at $81690.79 sits inside a bearish structure defined by the EMA50 at $83329.24 and EMA200 at $82308.0, while MACD at -198.03 confirms the death cross and RSI at 37.62 shows neutral momentum; with price testing the lower Bollinger support near $81787.1, a measured bounce toward the 50-EMA resistance appears likely before any sustained move higher, setting the stage for the consolidation van de Poppe anticipates that could allow select altcoins their initial breakouts.