Bitcoin Price Tests $63K Support as $64K Reclaim Becomes Critical
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. . .
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 pricehas 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 RecoveryBitcoin 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. Bitcoin price on CoinGeckoAnalyst That Martini Guy identified $63,000 as the immediate support level for Bitcoin. The trader said Bitcoin needs to recover $64,000 before itsshort-term structureimproves. 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, 2026Bitcoin 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 PressureAnother 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 ETFsrecorded 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, 2026The 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 keepBTC tradingsideways while leverage continuesclearing. 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. Source:https://blockonomi. com/bitcoin-price-tests-63k-support-as-64k-reclaim-becomes-critical/