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Bitcoin price has surged to a three-week high as silver continues its strong rally. Data from CoinCodex shows BTC’s price rose a fraction of a percentage in the past 24 hours to trade at $93,293 at the time of writing and to extend its weekly gain to more than 6%. Over $186M Liquidated From Bitcoin Shorts, Experts See Further Upside BTC’s continued rise led to more than $186 million in short liquidations over the past 24 hours, data from CoinGlass shows. Bearish bets for the crypto king took the hardest hit as well, with only around $75 million and approximately $31 million getting liquidated from Ethereum (ETH) and XRP short positions, respectively, during the same period. Bitcoin’s break above the $93K mark might be just the beginning, as industry experts believe there is more upside for the crypto’s price. Among those experts is Tom Lee, the Chairman for leading corporate ETH holder BitMine Immersion Technologies. During a recent appearance on CNBC’s Squawk Box, he predicted that BTC might reach a new all-time high (ATH) by the end of January. > “I don’t think Bitcoin has peaked yet,” he said. This is after Lee said that BTC’s price would soar to above $200K before the conclusion of 2025. While acknowledging that this previous prediction was “overly optimistic,” he stood firm on his view that there is room for BTC and other cryptos, such as ETH, to rise in the short-term. He went on to predict that “2026 is going to be a year of two halves,” warning that the first half of the year “may be tough” as institutional rebalancing takes place amid a “strategic reset” in the crypto markets. That volatility, Lee believes,”is exactly what sets the stage for the massive rally we expect in the back half.” Lee’s view was echoed by Miller Value Partners CIO Bill Miller. In a Monday interview with CNBC, he said that Bitcoin will likely “break out to a higher high than its all-time high,” which was set at above $126K on Oct. 6. Silver Rallies Further As Schiff Says Precious Metals Will Enter Historic Bull Run
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