Currently, the price of **Bitcoin** is showing a significant increase, reaching around **$63,768** on August 26, 2024, compared to **$58,605** a week ago [oai_citation:5,Crypt] However, the market is in a state of anticipation with major resistance levels at **$65,319** and **$70,124**, and support at **$62,346** and **$59,944**. There are expectations of more volatility related to economic data coming from the US and Europe, which may affect investments in risky assets such as Bitcoin [oai_citation:3,BTC Price Analysis - Week of August 26, 2024 - Tokize](https://www.tokize.com/en/bitcoin-price-analysis-august-26-2024/).$BTC
In addition, market volatility has decreased in recent days, which may be a sign of an approaching price breakout, whether upward or downward, based on global economic and political developments [oai_citation:2,Crypto Market Analysis | August 26, 2024 - CoinSwitch](https://coinswitch.co/switch/crypto/market-analysis/26-august-2024/) [oai_citation:1,Price Analysis August 26th, 2024 – BTC, TON, SOL, ETH, BNB, and XRP | Cryptocoin Stock Exchange](https://cryptocoinstockexchange.com/price-analysis-august-26th-2024-btc-ton-sol-eth-bnb-and-xrp/).
Despite these moves, Bitcoin is still considered a risky investment due to its volatile nature and dependence on economic and political events.
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