Bitcoin price settled below the $30,000 support zone to move into a bearish zone. BTC even broke the key $29,650 support zone to start a fresh decline. Besides, there was a break below a major bullish trend line with support near $29,700 on the hourly chart of the BTC/USD pair. The pair tested the $28,880 level. A new weekly low is formed near $28,880 and the price is now consolidating losses.