Experienced traders bought cryptoactive at a price lower than now until 2017. If the price for Bitcoin drops below 3000 $, then they will panic. 
This hopelessness is not good for crypto market because such investors are withdrawing their money due to no profit and they feel it is better to invest in stock market or some regular business instead of wasting time in crypto market. Now the end of the year is coming and most of the investors believe that the price will increase due to increasing market capital.