I thought this was an interesting problem, so I wrote a sample data set and a linear slope estimator in R. I hope it helps you with your problem. I'm going to make some assumptions, the biggest is that you want to estimate a constant slope, given by some segments in your data. Another assumption to separate the blocks of linear data is that the natural 'reset' will be found by comparing consecutive differences and finding ones that are X-standard deviations below the mean. (I chose 4 sd's, but this can be changed)
Here is a plot of the data, and the code to generating it is at the bottom.

For starters, we find the breaks and fit each set of y-values and record the slopes.
# Find the differences between adjacent points
diffs = y_data[-1] - y_data[-length(y_data)]
# Find the break points (here I use 4 s.d.'s)
break_points = c(0,which(diffs < (mean(diffs) - 4*sd(diffs))),length(y_data))
# Create the lists of y-values
y_lists = sapply(1:(length(break_points)-1),function(x){
y_data[(break_points[x]+1):(break_points[x+1])]
})
# Create the lists of x-values
x_lists = lapply(y_lists,function(x) 1:length(x))
#Find all the slopes for the lists of points
slopes = unlist(lapply(1:length(y_lists), function(x) lm(y_lists[[x]] ~ x_lists[[x]])$coefficients[2]))
Here are the slopes:
(3.309110, 4.419178, 3.292029, 4.531126, 3.675178, 4.294389)
And we can just take the mean to find the expected slope (3.920168).
Edit: Predicting when series reaches 120
I realized I didn't finish predicted when series reaches 120. If we estimate the slope to be m and we see a reset at time t to a value x (x<120), we can predict how much longer it would take to reach 120 by some simple algebra.

Here, t is the time it would take to reach 120 after a reset, x is what it resets to, and m is the estimated slope. I'm not going to even touch the subject of units here, but it's good practice to work them out and make sure everything makes sense.
Edit: Creating The Sample Data
The sample data will consist of 100 points, random noise with a slope of 4 (Hopefully we will estimate this). When the y-values reach a cutoff, they reset to 50. The cutoff is randomly chosen between 115 and 120 for each reset. Here is the R code to create the data set.
# Create Sample Data
set.seed(1001)
x_data = 1:100 # x-data
y_data = rep(0,length(x_data)) # Initialize y-data
y_data[1] = 50
reset_level = sample(115:120,1) # Select initial cutoff
for (i in x_data[-1]){ # Loop through rest of x-data
if(y_data[i-1]>reset_level){ # check if y-value is above cutoff
y_data[i] = 50 # Reset if it is and
reset_level = sample(115:120,1) # rechoose cutoff
}else {
y_data[i] = y_data[i-1] + 4 + (10*runif(1)-5) # Or just increment y with random noise
}
}
plot(x_data,y_data) # Plot data