A cryptocurrency analyst said that the Poel index, used to measure miner selling activity, is approaching a level that suggests a good buying opportunity for Bitcoin (BTC). The CryptoQuant analyst explained that the POEL index fluctuates between two critical levels and that if historical trends continue, an index falling below 0.6 could indicate a good buying opportunity. The Poel index is currently at 0.69. Analysts believe that this area could be the best opportunity to buy Bitcoin starting in 2022. However, there is disagreement among traders about how long Bitcoin will remain in this uncertain zone. Some believe that the breakout from this range could happen in late September or October.
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