Bitcoin's recent price action has been characterized by a series of higher highs and higher lows, indicating a strong uptrend. The daily RSI is also oversold, suggesting that a pullback may be imminent. However, the overall momentum remains bullish, and a break above $12,000 could trigger a significant rally.

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Agree with the assessment. The oversold RSI does suggest a possible pullback, but the strong uptrend and bullish momentum make a breakout above $12,000 a plausible scenario.