Russell Thompson: AI-driven stock liquidations could push Bitcoin down to $65,000

Russell Thompson, chief investment officer at Hilbert Group, warned that Bitcoin could fall to $65,000 if losses in AI and semiconductor stocks trigger widespread portfolio liquidations. He stated that $65,000 will become a focal point if Bitcoin breaks below the key trendline support of $71,900, while technical support near the psychological level of $70,000 is limited. Bitcoin is currently trading around $74,200. Last week, Bitcoin ETFs saw net outflows of approximately $1.2 billion, and the options market is experiencing increased demand for downside protection. Russell Thompson predicts that the withdrawal of funds from AI and tech stocks will ultimately support a recovery in the cryptocurrency market. (Source: Crypto Briefing)