TLDR:
- Gold’s surge to $3,400 triggers caution among altcoin traders expecting a capital rotation.
- Analyst van de Poppe sees a gold breakdown as a bullish trigger for altcoin recovery.
- Moustache identifies a recurring wedge pattern hinting at an incoming altcoin rally.
- Altcoin trends now depend on key levels and gold’s ability to hold recent highs.
Altcoin prices are moving in opposite directions as analysts weigh the recent breakout in gold. While some traders expect altcoins to weaken due to rising commodity prices, others argue current dips resemble historical setups before major rallies.
Technical patterns are once again playing a central role in guiding sentiment across the crypto space. As price charts evolve, experts are split on whether altcoins are nearing a correction or preparing for a fresh upward run.
Despite limited news-driven catalysts, investor attention remains focused on key and resistance levels.
Gold Breakout Spurs Altcoin Caution
Market analyst Michaël van de Poppe linked recent weakness in altcoins to gold’s bullish momentum.
He noted that gold recently broke a major resistance and is now consolidating near the $3,400 level. If gold drops below that level, van de Poppe believes altcoins may rally strongly as funds rotate back into risk assets.
This perspective suggests an inverse relationship between gold and crypto performance.
I've mentioned this before.
Gold breaking upwards = #Altcoins breaking downwards, independent of news.
Gold broke a crucial level upwards and is currently consolidating.
If it breaks south of $3,400, that would be the signal for altcoins to start moving heavily again. pic.twitter.com/2mDAdkeUME
— Michaël van de Poppe (@CryptoMichNL) June 13, 2025
According to his analysis, past gold breakouts often coincide with a pullback in altcoin strength, regardless of external headlines. His chart analysis emphasized that a breakdown in gold could act as a trigger for renewed altcoin interest.
In contrast, another analyst, Moustache, suggested the current dip in altcoin markets is not a reversal but a healthy retest. His chart of the total crypto market cap (excluding Bitcoin) shows a recurring bullish pattern over multiple cycles.
The descending broadening wedge, according to his post, has preceded major price surges in previous years.
This setup has appeared during major turning points, including early 2020, mid-2023, and late 2024. Each time, price action broke above the wedge and continued higher after brief consolidation.
In 2025, Moustache believes the pattern is repeating, and the current pullback is within expected technical behavior.
Price Behavior Echoes Earlier Market Phases
Historical price trends remain a core focus for traders assessing the altcoin market.
Moustache highlighted that previous rallies started in similar conditions, often after a retest of breakout zones. The latest price action mirrors that of earlier bullish phases, with holding despite recent volatility.
So far it's just a retest.
As I have said many times before, such dips are for buying.
Whenever the Totalmarket ap has formed such patterns in recent years, the market has risen sharply afterwards.
Is it different this time? I don't think so. pic.twitter.com/LsnD4MR33z
— 𝕄𝕠𝕦𝕤𝕥𝕒𝕔ⓗ𝕖 🧲 (@el_crypto_prof) June 13, 2025
Yellow markers on the analyst’s chart show where previous wedge breakouts led to sharp gains. As long as the market cap remains above the wedge structure, analysts expect momentum to return.
This technical outlook offers a different angle from macro-driven narratives tied to gold or external news.
Both views agree on one factor: key and resistance zones will shape the next move in altcoin prices. Traders continue watching how gold behaves near $3,400 and whether the altcoin market cap sustains above its breakout levels. While macro signals influence short-term sentiment, chart structure remains central to many market participants.
