This is what's happening:

1. The bitcoin community as a whole is focused on merchant integration on the POS side alone.

2. These efforts have succeeded, resulting in ever increasing selling pressure. (merchants generally dump the bitcoins daily)

It will be impossible to line up enough individual buyers to compete against this massive seller network. The only solution is to change focus and give some attention to the payroll side of the equation. This will help turn merchants into bitcoin users instead of bitcoin sellers.

Unless we see more attention paid to this side of the scale, expect the price to continue its steady decline.