Has Gold Price Reached Its Peak? Analysts Predict ‘Rotation’ to Bitcoin

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Exclusive Bitcoin and Gold Converge in Record-Breaking Rally, Expert Explains Why

The post Has Gold Price Reached Its Peak? Analysts Predict ‘Rotation’ to Bitcoin appeared first on Coinpedia Fintech News

Gold has just had its roughest day in more than a decade, and crypto traders are taking notice. 

On October 21, the precious metal dropped over 8% in a single session, hitting its steepest decline since 2013. For a market that had just surged past $4,000 per ounce in early October, the sudden selloff is significant. 

And according to Michaël van de Poppe, host of the New Era Finance Podcast and crypto analyst, this could be the start of a shift toward Bitcoin.

Van de Poppe Sees Gold Peaking

Van de Poppe laid it via an X post: “The volatility on Gold is super high, that’s due to the fact that it’s a massive outlier which we’ve witnessed in recent months. I do think Gold is peaked for the moment, and that would mean that money should rotate towards other assets.”

He sees this as more than a one-day trend. Gold’s rapid climb in just over a month made it an extreme outlier. Overbought conditions, profit-taking, and technical extremes all made a correction likely. 

Van de Poppe points to macro factors like a soft CPI reading and the end of the U.S. government shutdown as triggers that could push investors to riskier assets like Bitcoin.

Also Read: Is Gold’s Rise an Urgent Warning Sign for Bitcoin and the Global Economy?

Gold Falling, Bitcoin Rising

History suggests this rotation isn’t unusual. In April, when gold dipped, Bitcoin surged after hitting a macro bottom. Now, as gold falls 6-8%, Bitcoin has edged higher, trading near $108,039 at press time. Analyst Ash Crypto sees this as the start of a bigger move. 

Anthony Pompliano added: “Yesterday I told you it was time for the great rotation from gold into bitcoin. Today the rotation started.”

Bitwise Europe’s research highlights the potential impact. Even a small 3-5% shift from gold to Bitcoin could significantly boost prices. Based on current levels, BTC could more than double from $107,240, possibly surpassing $242,000. 

On-chain data also shows a critical liquidity zone between $93,000 and $118,000. A breakout above $118,000 could trigger a decisive rally.

Macro Triggers Are Key

Soft inflation numbers and a stable government could bring back risk appetite. When that happens, gold’s appeal as a safe haven fades, and risk assets like Bitcoin benefit. 

Van de Poppe sees these conditions starting to form, which could make Bitcoin the main winner of this rotation.

Watching the Market

Not everyone is convinced yet. While some Redditors are celebrating, others warn that it’s too early to call a full rotation based on one day’s moves. But the pattern is worth watching. 

Gold’s correction may be the first signal that capital is shifting, and for Bitcoin bulls, this could mark the start of a new push before the year ends.

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