I don’t see a reason of why you have such a high bidding price.
Fiverr would only take minimal bid price per click, but having a smaller bidding price gives you more control. Now, imagine if one day you’d have to pay exactly $1.20 per each buyer’s click, you would obviously outbid others with that high price, but let’s say you would get like 10 clicks/day, you would have to pay $12 each day, so that can even be more loss than actual profit off orders. Like I said, that’s just an example if that was the exact price you set.
Also, what is your daily spend limit? As far as I remember, the default spend limit is $2, so if you still got that limit, that explains why you might not be getting that many clicks and interested buyers while having over a dollar biddings.
I heard on the forums that someone had their price set on $2 per click and they did profit as well. So, just take your time and see which method works best for you. My method works best for myself, but that doesn’t mean it would to others.