---
title: "Bitcoin onchain indicator signals $58.5K price near 'favorable' buy level"
url: https://diffcoin.com/bitcoin-onchain-indicator-signals-58-5k-price-near-favorable-buy-level/
description: "A CryptoQuant contributor has indicated that a slight decrease in Bitcoin's Puell Multiple index could present a 'favorable buying opportunity.' Source link"
published: 2024-09-01
updated: 2024-09-01
author: "Mila"
site: "Diffcoin"
---

# Bitcoin onchain indicator signals $58.5K price near 'favorable' buy level

A CryptoQuant contributor has indicated that a slight decrease in Bitcoin’s Puell Multiple index could present a ‘favorable buying opportunity.’

[Source link](https://cointelegraph.com/news/bitcoin-indicator-puell-multiple-index-nearing-buy-levels-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)