“FalconX Research Lead: Bitcoin Structure Signals Continued Bullish Momentum”

FalconX: Bitcoin’s Market Structure Remains Bullish Despite Price Dip

Bitcoin may be trading nearly $11,000 below its all-time high, but market signals continue to favor the bulls, according to FalconX Head of Research David Lawant.

In a post on X Wednesday, Lawant pointed to activity in the order book — a real-time snapshot of buy and sell interest — to highlight persistent demand. Each time bitcoin dips, he explained, sellers quickly vanish while buy orders rush in, a shift that reflects what he calls the “order book flipping” to the bid side.

“Institutional players are stepping in aggressively during brief pullbacks,” Lawant wrote. “The rapid reappearance of buy-side pressure reinforces a structurally strong market.”

This behavior signals that large investors remain confident in bitcoin’s long-term trajectory. Rather than triggering broader selling, minor price drops are being met with renewed accumulation — a bullish signal for analysts watching market structure for signs of trend exhaustion.

A chart shared by FalconX Research shows repeated episodes where bitcoin softened briefly, only for buy orders to surge and take control — a classic signature of a healthy uptrend.

Technical Snapshot: Bulls Regain Momentum After Midday Dip

According to CoinDesk Research data covering the 24-hour window ending at 16:00 UTC on Aug. 20:

• Range: Bitcoin traded between $112,437.99 and $114,337.77, a fluctuation of nearly $1,900.
• Pullback: Around 13:00 UTC, BTC dropped to $112,652.09 amid liquidation-driven selling, before rebounding sharply.
• Volume Spike: More than 14,643 BTC were traded during the period, surpassing the 24-hour average of 9,356 BTC.
• Support Zone: A new base appears to have formed between $112,400–$112,650, reinforced by high-volume buying.
• Late-Session Rally: BTC surged from $113,863.05 to $114,302.43 in the final hour, closing at $113,983.06.
• Key Levels Cleared: Resistance zones at $113,500, $113,650, and $114,000 were broken with momentum, supported by volume spikes exceeding 250 BTC per minute.

Outlook

Though bitcoin remains below its record high of $124,481 set on Aug. 14, Lawant’s analysis reinforces the view that structural demand remains strong. If the pattern of buyers absorbing each dip holds, analysts say a renewed push toward the highs could be on the horizon.