Hilbert CIO: If BTC falls below $71,900, it may drop to $65,000

Hilbert Group CIO Russell Thompson said in a Nov. 9 trading note that funding stress in AI and chip stocks could trigger margin calls, forcing investors to sell non-core assets including bitcoin. He flagged $71,900 as a key trendline support for BTC, with limited support near $70,000 beyond the round number and $65,000 as the next target if that level breaks. Thompson remains relatively constructive on bitcoin's medium-term outlook, expecting some capital rotating out of AI and tech to return to crypto once deleveraging ends and markets settle. Traders should watch whether BTC holds the $71,900 trendline and whether AI-linked equity stress escalates into broader forced selling.