It is very likely that prices will face some downside after retesting the 50. In the 2014 bubble, prices retested the 50 once after the first massive dip beneath it, consolidated along the average, then took a dive under the 200 day and sunk the 50 beneath the 200 in a death cross. If this happens, we will face a longer term bear market. The deflation of 2014's BTC bubble lead to roughly a 90% correction. This scenario would put BTC in the $2,000-$4000 range. Once we test the 50, we will either breakout, consolidate along the average for a while, or face a strong rejection. I cannot predict with confidence what will happen at the 50 day, however it will be a crucial point that I believe we will witness in February.
Having bought BTC under $7,000 puts you a strong position right now.
Making a small addition to your position on the breakout above pattern for a ride up to the 50 day average is a tolerable risk as you are now up at least 30% on your initial buy.
As I mentioned previously, lower range of target is $10,500. Upper range at $12,500.
If adding an additional position now, setting a stop loss at $8,200 is a good idea to preserve gains from initial position.
Trade safe my friends, keep calm, stick to a strategy, and make sure you've got a decent liquid position on the side in the event of a break below the 200.