Bitcoin could fall toward $65,000 if losses in AI and semiconductor stocks triggered broader portfolio liquidation, Hilbert Group chief investment officer Russell Thompson warned, according to Crypto Briefing, as cited by PANews on November 10, 2026.
Thompson identified $71,900 as a key trendline support level. A break below it would bring $65,000 into focus, he said, with limited technical support around the psychologically significant $70,000 mark.
At the time of the report, Bitcoin was trading near $74,200. The report also noted roughly $1.2 billion in net outflows from Bitcoin ETFs during the preceding week, alongside increased demand for downside protection in the options market.
Despite his bearish near-term outlook, Thompson expected money moving out of AI and technology stocks to eventually support a recovery in crypto markets. Both the downside scenario and the anticipated recovery were his assessments, not established outcomes.
Original publication: November 10, 2026, at 08:17:52 UTC+8. Original article: PANews.