Bitcoin may be poised for a new period of growth, signaled by a positive indicator suggesting a potential price near $123,000.

Bitcoin's Market Trend

Bitcoin is beginning a new phase of growth, indicated by a reversal of oversold signals and a positive shift in the Stochastic RSI.

Cyclical Pattern and Potential Price Target

Bitcoin's recurring patterns suggest similarities to previous recoveries, indicating a potential price increase in the short term.

Price Prediction

The anticipated upward trend could lead to a price target of $123,000 in the near future.