[1] In the present condition of the Bitcoin market do you think as a Bitcoin user/holder/accumulator, do you think that the
current price will hold or go down more?
Price rises or falls, it can not stay exactly the same forever in a live market. By that I want to say that your question needs to be clearer such as down with what percent, 1%, 5%, 10%, 20% or 30%. You need to point it out in the question, to help other people answering your question better.
With the Bitcoin price chart, some next prices for its fall are possibly about $51k and worse $42k. $51k is not too far from its latest correction but from today price it will be around 12% correction, big enough. To $42k, it will be about 28% correction. Honestly I really don't think if Bitcoin continues to fall, it will stop at $51k but will be easily crashed to $43k to $41k.
Is it bad in long run?
I keep up my belief that the bull run will be restarted after correction and from $41k to $43k, we will see some Short squeezes to help Bitcoin rising more and making a new all time high, in doubt of traders.
[2] If not then what do you think is the reason a weak hand/newbie is in the panic mode?
A crash like 20% or 30% will make newbies panic easily.