According to CryptoMichNL, gold is currently consolidating, and a breakdown in gold prices could support sustained strength in altcoin markets. Conversely, if gold breaks upwards, it would signal a potential trouble area for most altcoins, impacting trading strategies for crypto investors. This analysis highlights the importance of monitoring gold's price action as a leading indicator for altcoin market performance (source: CryptoMichNL).

According to Michaël van de Poppe (@CryptoMichNL), gold is currently consolidating, with expectations of further upside over the coming years. However, he highlights a likely 6-12 month period where risk-on assets, including cryptocurrencies, could outperform as gold trends downward. Van de Poppe notes his strategy of rotating profits from crypto back into gold later this year, suggesting traders monitor shifts between crypto and traditional safe-haven assets for optimal portfolio allocation (Source: @CryptoMichNL, May 12, 2025).