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One of the main reasons is that there is an ongoing debate about whether or not Bitcoin should be regulated as a security or as a currency.

Looking forward to the rise, mostly because of the economic disadvantage we are we are placed into at this point in time.

 

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We may see the price start climbing again, as more countries are legalizing cryptocurrencies. The Central African Republic (SAR) has become the latest country to legalize the use of crypto currencies in the financial markets: https://www.forexbrokerz.com/news/the-central-african-republic-to-legalize-the-use-of-crypto-currencies

They haven't quite adopted it as a legal tender yet, but it may happen eventually.

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