According to the head of research at FalconX.
(FalconX is an institutional trading and financial services platform in cryptocurrencies, founded in 2018 and based in California)
FalconX analysis outlook
Main Source: David Lawant, head of research at FalconX, obs...
Market order behavior: After small corrections from recent highs, sell orders quickly disappear, and buy orders (bids) emerge strongly, saturating selling pressure. This rapid rotation of the order book — from sellers to buyers — indicates solid technical support and market confidence.
Latent demand: This pattern suggests that actors with greater capital — such as institutional investors — are taking advantage of every minor pullback as an opportunity to buy, reinforcing the bullish bias of the market.
Technical data and key signals
Between August 19 and 20, Bitcoin fluctuated between $112,438 and $114,338, within a range of nearly USD 1,900. Despite temporary downward pressures, it managed to bounce back with volume above daily averages, primarily in the range of $112,400–$112,650. The recovery surpassed resistances at $113,500 – $114,000, supported by more than 250 BTC traded per minute.
This intraday strength reinforces the view that support is robust and buying confidence is active even at lower levels.
What this implies for Bitcoin today
Internally solid structure, even after falling from recent highs (~$124,400).
Active demand on minor pullbacks, with buyers quickly entering and reversing downward pressures.
Visible resilience at key supports ($112K–$112.6K) and break of technical resistances, reinforcing a bullish bias.
The message from FalconX is clear: the dynamics of the order book and volume support a market structure that remains 'extremely bullish.' As long as immediate buyers respond forcefully to each dip, the context remains favorable for potential new highs.
