Bitcoin 

BTC

$18,115

 soared above $40,000 on Feb. 28 even though the S&P 500 remained soft. This suggests that the correlation between Bitcoin and the U.S. equity markets may be showing the first signs of decoupling. If bulls sustain the price above $38,500 till the end of the day, Bitcoin would avoid four successive months of decline.

The volatility of the past few days does not seem to have shaken the resolve of the long-term investors planning to stick with their positions. Data from on-chain analytics firm Glassnode showed that the amount of Bitcoin supply that last moved between three to five years ago soared to more than 2.8 million Bitcoin, which is a four-year high.

Interestingly, an experiment by Portuguese software developer Tiago Vasconcelos to develop an artificial intelligence trading bot for Bitcoin resulted in the bot concluding that “the best move is to buy as soon as possible and never sell!”

Could bulls sustain the momentum and push Bitcoin toward the next overhead resistance? Will altcoins also join the party? Let’s analyze the charts of the top-10 cryptocurrencies to find out.