Price of BTC is mainly driven by the ratio of demand and supply, as we know it has a scarcity factor, and due to this supply is being halved every four year, and after every four years I must say adoption is 2x than before. CMIIW. It's just a prediction but I think the adoption of BTC at the moment is way more than 2x compared to what it was 4 years before.

There is much good news in the pipeline that can make BTC adoption more, for example, China can adopt crypto, and once they do, the adoption rate will spike, there are a lot of countries including mine, where citizens are using crypto and generating a lot of trading volume, and once the governments will accept the crypto or BTC the adoption will increase more, as more people who were afraid to join before now will join because government is supporting them.