[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?
The resistance is around $59500 now. When bitcoin is getting to that price, there are massive selling. At least the price should get to $60000 and stay above $59999 for more than a day. This will increase bulls confidence to start buying more at the price. But bitcoin may not surpass that price much because there would likely be resistance at some price like $65000 and above.
[2] If not then what do you think is the reason a weak hand/newbie is in the panic mode?
The bad news like like Germany sending coins to exchanges and also Mt Gox giving back to people their lost coins.