Plus the fact that gold prices are down and the USD is going up since the US economy and S&P is improving. Traders are moving their money towards lucrative trades.
However, global Bitcoin-related business start-ups have increased 300% since January 2014. There's a substantial drive to bring awareness to the masses to the benefits of the crypto-currency. So, it will never go to a zero value unless another coin replaces it or a major technical problem is never solved.
Panic, capitulation, and despondency must first come from the speculators who first bought in right before and during the November 2013 pump.
The issue will never be solved unless bitcoin is distributed into the hands of many people, ex: 10m actual users each hold 1.36BTC, each btc worth $200. Only then will the price be stable that speculative trading will not affect it too much.
Bitcoin will recover but it hasn't reached the critical point. Massive distribution must happen first. Only when Bitcoin is on everybody's lips, will the recovery begin - only when you suddenly know more people that knows what Bitcoin is about, only when you ask a man on the street what Bitcoin is and he knows the answer.