In the past week, Bitcoin has continued to record new daily lows, culminating in a nearly eight-month low of just under $86,500 on Thursday. Market expert Shanaka Anslem, however, offers a contrarian perspective, labeling the current downturn as an “engineered collapse” and presenting a bullish argument despite the prevailing bearish sentiment.

Technical Indicators Suggest Potential Upside

In a recent post on X (formerly Twitter), Anslem stated that while mainstream media depicts the situation as a “crypto winter,” a significant and stealthy accumulation of Bitcoin is taking place underneath the surface turmoil. He outlines several indicators that support his viewpoint.

According to Anslem, Bitcoin’s correction of nearly 30% from all-time highs has triggered widespread panic selli

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