What factors will affect the price of bitcoin in 2024?

As a keen observer of the cryptocurrency market, I'm curious to know what factors will potentially shape the price trajectory of Bitcoin in 2024. Will the influx of institutional investors and mainstream adoption continue to drive demand? Or will regulatory uncertainties and potential forks in the Bitcoin network dampen sentiment? Furthermore, how will advancements in blockchain technology and scalability solutions influence the scalability and overall value of Bitcoin? Also, will the global economic situation and market sentiment towards risk assets impact Bitcoin's price movement? These are just some of the questions that investors are keen to understand as we enter the new year, hoping to make informed decisions about their crypto investments.