The political context is favorable for a small bull run to 30K for BTC Bitcoin.
After several weeks of tense negotiations, President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. To avoid contentious debates until after the next presidential election, the agreement suspends the debt limit until January 2025. This decision provides a temporary relief from potential conflicts surrounding the debt limit.
After a small rally, i believe BTC will retrace to $23000 to complete the Head and Shoulders Bearish Chart pattern.