Bitcoin is negotiated nearly $ 11,000 below its August 14 record, according to Coindesk data, but the Falconx research manager says that the internal structure of the market always seems “extremely optimistic”.
In an article on X Wednesday, analyst David Lawant highlighted what is happening in the Bitcoin order book – the live record for purchase and sale offers on exchanges – when the price is slightly falling off heights.
He explained that after these small hollows, the sales orders disappear quickly and the purchase of orders take over, a dynamic which he described as the command book “returns” on the side of the sale alongside the offer.
In clear terms, Lawant says that sellers do not stay to push the market after modest declines. Instead, high demand occurs almost immediately and buyers evacuate the sellers.
This model suggests that long -term players with deeper pockets – such as well -capitalized institutions and funds – use brief slowdowns as purchasing opportunities. Rather than pointing out a weakness, the lack of sustained sale indicates confidence in the longer -term trajectory of Bitcoin.
The graph shared strengthens this interpretation. It shows periods when Bitcoin has slightly slipped record levels, only so that purchase orders quickly have sales orders.
This repeated change towards the side of the offer is the brand brand of a bull market structure, because it demonstrates that demand awaits in the wings to absorb any supply that arrives on the market. For merchants, the point to remember is that Bitcoin resilience after Dips indicates a strong underlying support.
While Bitcoin is always lower than its August 144,481 peak, the model highlighted by legislation – sellers disappearing quickly and buyers reaffirm control – continues to underlie the haus feeling among analysts who see the dips as opportunities rather than warning signs.
Strengths of technical analysis
- According to the Technical Analysis Data Model of Coindesk Research, between August 19, 5:00 p.m. UTC and August 8:00 p.m. UTC, Bitcoin fluctuated in a fork of $ 1,899.78, negotiating between $ 112,437.99 and a summit of $ 114,337.77.
- Around 1:00 p.m. UTC on August 20, the price fell to $ 112,652.09 in the middle of the liquidation pressure before staging a strong rebound.
- The recovery was supported by a high commercial activity: 14,643 BTC changed hands, compared to an average of 24 hours of 9,356 BTC.
- This overvoltage established $ 112,400 at $ 112,650 as a support corridor supported by the key volume.
- In the last hour of the analysis period (15: 47–16: 46 UTC)Bitcoin went from $ 113,863.05 to $ 114,302.43 before ending $ 113,983.06.
- The rally broke out by resistance at $ 113,500, $ 113,650 and $ 114,000, helped by high volumes of 250+ BTC per minute, reporting the start of a short -term trend.
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