PANews|Nov 10, 2026 00:18
[Analysis: AI Sell-Off Could Push Bitcoin Towards $65,000 Before Funds Flow Back into Crypto] According to Crypto Briefing, Russell Thompson, Chief Investment Officer of Swedish crypto firm Hilbert Group, warned that Bitcoin could fall to $65,000 if losses in AI and semiconductor stocks trigger broader portfolio liquidations. He pointed out that if Bitcoin breaks below the key trendline support of $71,900, $65,000 will become the focus, while technical support near the psychological level of $70,000 is limited. Currently, Bitcoin is around $74,200, and last week Bitcoin ETFs saw net outflows of approximately $1.2 billion, indicating increased demand for downside protection in the options market. Despite the bearish short-term outlook, Thompson expects the outflow of funds from AI and tech stocks to ultimately support a recovery in the crypto market.
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