BTCUSD hitting resistance on the 200 day MA

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
After the positive bounce on Tuesday, BTCUSD             looks like it's hit it's first strong resistance on the 200 day moving average. 200MA is converging near 8000, if BTCUSD             breaches this point then we should see a further bullish move up from here, confirming an uptrend.

Failing that we could see a retest of 6k and a ranging pattern until the other side of Chinese New Year.

This is my first post, be gentle.
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