Bitcoin Price Tests $63K Support as $64K Reclaim Becomes Critical

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TLDR:

Bitcoin faces a critical $63K support test after sellers pushed price below the $64K level.
Reclaiming $64K could improve Bitcoin’s short-term structure, while $61K remains the next support.
ETF outflows and steady interest rates continue to limit fresh momentum around Bitcoin price action.
Bitcoin needs a move above $67K with stronger volume before the bullish scenario gains traction.

Bitcoin price has fallen back toward $63,000 after losing the $64,000 support level. The move follows a rejection near $65,000, leaving short-term momentum under pressure.

Bitcoin now faces a key test between $63,000 support and $64,000 resistance. The next move could depend on whether buyers reclaim resistance or sellers force another decline.

Bitcoin Price Holds $63K as $64K Resistance Caps Recovery

Bitcoin traded around $62,975.85, according to the latest CoinGecko data. The crypto declined 0.20% over 24 hours and 3.01% over seven days. Its 24-hour trading volume stood at roughly $19.15 billion.

Analyst That Martini Guy identified $63,000 as the immediate support level for Bitcoin.

The trader said Bitcoin needs to recover $64,000 before its short-term structure improves. A break below $63,000 could expose the $61,000 area as the next major support.

The current setup follows Bitcoin’s rejection around $65,000. That level has repeatedly limited upside attempts during the recent trading period.

Meanwhile, funding conditions remain healthy, while leverage has cooled, according to MartiniGuyYT.

Bitcoin is sitting at a very important level.

After getting rejected from the $65K area, Bitcoin lost the $64K support zone and is now testing the $63K region.

The levels I’m watching:

$64K – needs to be reclaimed

$63K – key support

$61K – next major support if this breaks… pic.twitter.com/KaWDCC4ItP

— That Martini Guy ₿ (@MartiniGuyYT) August 15, 2026

Bitcoin therefore remains caught between nearby technical levels. Holding $63,000 could keep the current range intact and allow another test higher. However, losing that level would put $61,000 back into focus.

Bitcoin Market Faces ETF Flow and Macro Pressure

Another market expert, Tanaka_L2, presented three possible Bitcoin scenarios for the remainder of August. The sideways scenario carries a 50% probability in the trader’s framework. It places Bitcoin within a broader $58,000 to $67,000 range.

Tanaka pointed to weaker ETF flows as one factor limiting near-term momentum.

Bitcoin ETFs recorded approximately $61 million and $131 million in outflows on August 12 and 13. August 14 remained broadly flat, according to the data shared by the analyst.

How I’m looking at $BTC rn: 3 possible scenarios $BTC is currently trading around $63K, and I’m looking at 3 main scenarios for the rest of Aug.

[1] Sideways: 50%

This is still my base case. I expect BTC to keep ranging between $58K–$67K, with most of the action around… pic.twitter.com/Z7jiAIP724

— Tanaka (@Tanaka_L2) August 15, 2026

The Federal Reserve continues to hold rates between 3.5% and 3.75%. July consumer inflation eased to 3.4% year over year, but Bitcoin lacks a clear macro catalyst.

Tanaka expects this backdrop could keep BTC trading sideways while leverage continues clearing.

A bearish break below $58,000 to $60,000 could shift attention toward $52,000 to $55,000.

The bullish case requires Bitcoin to reclaim $65,000 and clear $67,000 to $68,000 with stronger volume. Tanaka’s longer-term ranges include $55,000 to $75,000 for the base case and $80,000 to $100,000-plus for the bull case.

The post Bitcoin Price Tests $63K Support as $64K Reclaim Becomes Critical appeared first on Blockonomi.

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