Hilbert Group CIO sees BTC falling to $65K amid AI-led sell-off risk

Bitcoin could fall to around $65,000 if weakness in AI and semiconductor stocks triggers broad portfolio liquidations, Russell Thompson, chief investment officer at digital asset investment firm Hilbert Group, said, according to Crypto Briefing. Thompson identified $72,800 as Bitcoin’s initial support level, the area around $72,700 as moving-average support, and $71,900 as a key trend line. He said $65,000 could become an important support level if Bitcoin falls below $71,900, while technical support near the psychologically important $70,000 level would be limited. Thompson added, "However, the pullback from AI and tech stocks will ultimately bring a recovery to the crypto market. Bitcoin’s previous peak coincided with a period when capital moved from crypto into AI, semiconductors and tech stocks. As investors unwind those positions, some of that money could return to crypto. In the short term, market conditions are unfavorable, but Bitcoin could still surge before year-end."