Bitcoin’s Bullish Structure Holds Firm Despite Pullback, Says FalconX
Bitcoin remains structurally strong even after a sharp $11,000 retreat from its recent all-time high, according to David Lawant, head of research at institutional crypto platform FalconX.
Despite dipping from its Aug. 14 peak of $124,481, bitcoin’s internal market dynamics continue to flash bullish signals. In a Wednesday post on X, Lawant emphasized that price dips are being met with rapid buy-side interest, citing FalconX’s order book data.
“When bitcoin pulls back slightly, sellers vanish and buyers dominate,” Lawant noted. “That shift shows deep demand, with the order book flipping to the bid side almost immediately.”
This kind of behavior, where sell pressure quickly fades and buy orders surge, indicates that well-capitalized players — including institutions and funds — are stepping in to accumulate. The absence of follow-through selling reinforces optimism around bitcoin’s broader trend.
Lawant shared a chart from FalconX Research showing several instances where minor price corrections triggered aggressive buying, a pattern suggesting strong investor confidence. Analysts interpret such repeated flips toward the buy side as a sign of a healthy and resilient market structure.
Technical Snapshot: Aug. 19–20
According to CoinDesk Research:
- Trading Range: BTC fluctuated within a $1,899 band, between $112,437.99 and $114,337.77.
- Midday Dip & Rebound: Price fell to $112,652.09 at 13:00 UTC amid liquidation-driven pressure, before bouncing back.
- Volume Surge: The recovery was supported by 14,643 BTC in trading activity — well above the 24-hour average of 9,356 BTC.
- Key Support Zone: $112,400–$112,650 is now viewed as a crucial support corridor backed by strong volume.
- Late-Session Strength: Between 15:47–16:46 UTC, bitcoin jumped from $113,863.05 to $114,302.43, closing at $113,983.06.
- Resistance Breakouts: BTC cleared technical resistance levels at $113,500, $113,650, and $114,000, with momentum supported by high-volume bursts exceeding 250 BTC/minute.
Conclusion
Bitcoin’s recent decline hasn’t shaken long-term bulls. According to FalconX’s order flow data, buyer strength remains intact, with institutions eager to scoop up dips. The market structure remains tilted to the upside — a view increasingly echoed across technical and on-chain analysis.
