Persistently anemic volume and never any buying interest to speak of. That is the problem for the price of bitcoin. Forget all the usual excuses from bitcoin experts and geniuses. Focus on what they avoid discussing.
The space is in limbo at present. Believers have spent a lot of their reserves. Newbies should rightly be cautious taking the last few months into account. I think it'll be pretty dead until there are some more compelling reasons to pile in.