**Bitcoin Buying Opportunity on the Horizon, Says Crypto Analyst**

A popular Bitcoin indicator, the Puell Multiple, is nearing a level that suggests a promising buying opportunity, according to crypto analyst Grizzly from CryptoQuant.

- **Puell Multiple Index**: This index, used to gauge miner selling activity, is currently at 0.69. Historically, when it drops below 0.6, it signals an ideal time for Dollar-Cost Averaging (DCA) strategies.

- **Historical Context**: The index has shown similar patterns dating back to 2014, often indicating low sell pressure and a good buying window.

- **Market Sentiment**: Pseudonymous analyst Moustache believes this is the best buying opportunity in over two years, while trader Rekt Capital suggests a potential breakout could occur by late September or October.

Bitcoin is trading at $58,416, down 8.98% over the past week, according to CoinMarketCap.