Token

Burn

Momentum

Bitgert

Trillion

<ul>
 <li><strong>Bitgert’s token burn reduces supply, potentially increasing demand.</strong></li>
 <li><strong>Technical analysis suggests a 25% potential price surge amid a bullish pattern.</strong></li>
</ul>
<p>Bitgert, the decentralized exchange platform operating on blockchain technology, recently executed a significant token burn event, slashing 4 trillion BRISE tokens from its total supply of 1000 trillion. This strategic move aims to boost scarcity and potentially drive up demand for BRISE in the crypto market.</p>
<p>The event, which occurred on November 24th at 08:00 UTC, had high expectations of catalyzing a breakout in Bitgert’s price. Despite the anticipation, the immediate impact on the price was subtle, with a modest 0.03% increase. And a 2% uptick in trading volume.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;">4 Trillion <a href="https://twitter.com/search?q=%24BRISE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BRISE</a> worth $650,0000 burned successfully <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Txn proof: <a href="https://t.co/tJt66SpHJQ" rel="noopener noreferrer nofollow">https://t.co/tJt66SpHJQ</a></p>— Bitgert – $BRISE (@bitgertbrise) <a href="https://twitter.com/bitgertbrise/status/1727956394685653084?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 24, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<p>However, market observers are eyeing promising indicators for a bullish upswing. Technical analysis by <a href="https://x.com/Lord_Brise/status/1727610032563401203?s=20" rel="noopener noreferrer nofollow">lord_brise</a>, a reputable crypto trader and influencer on Twitter, highlights an encouraging pattern. Bitgert is currently forming an ascending triangle—a bullish continuation formation suggesting a potential 25% surge in its price.</p>
<p>Meanwhile, the ascending triangle, a chart pattern characterized by a rising lower trendline and a horizontal upper trendline, typically heralds an upward breakout. Lord_brise notes that as Bitgert trades within this pattern, the volume has been progressively increasing as the price nears the resistance line. It indicates mounting buying pressure among investors.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img decoding="async" width="788" height="566" src="https://thenewscrypto.com/wp-content/uploads/2023/11/bitgert.jpg" alt="" class="wp-image-86313" srcset="https://thenewscrypto.com/wp-content/uploads/2023/11/bitgert.jpg 788w, https://thenewscrypto.com/wp-content/uploads/2023/11/bitgert-300x215.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/11/bitgert-768x552.jpg 768w" sizes="(max-width: 788px) 100vw, 788px">
  <figcaption class="wp-element-caption">
   BRISE Price Chart, Source: TradingView
  </figcaption>
 </figure>
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<p>Moreover, should Bitgert breach the resistance line successfully, analysts predict a target price of $0.00000425. It will mark a significant 25% surge from its current valuation.</p>
<p>Analysts are closely monitoring Bitgert’s <a href="https://thenewscrypto.com/bitgert-brise-takes-giant-leap-in-blockchain-development/" rel="noopener noreferrer nofollow">market</a> dynamics post-token burn, anticipating a positive impact on its scarcity dynamics and, potentially, amplifying its market value. This strategic reduction in circulating supply could serve as a potential catalyst for heightened interest. And demand the <a href="https://coinmarketcap.com/currencies/bitrise-token/" rel="noopener noreferrer nofollow">BRISE</a> token.</p>

Bitgert 4 Trillion Token Burn Sparks Bullish Momentum

TheNewsCrypto

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