At the moment, bitcoin managed to hold its position above the $92500 mark and maintain its upward trend. Nevertheless, the area of $98000-99500 is still acting as resistance.The market is waiting for the decision of the US Federal Reserve on the interest rate, which will be announced on May 7. This move could be one of the defining ones for risky assets, which currently include cryptocurrencies.However, some analysts point out that regardless of the FOMC decision, the Fed's recent $20.5 billion purchase of Treasuries is a sign of renewed intervention. The additional dollar liquidity is bullish for the crypto market, especially as the U.S. dollar lags behind other key global currencies. This is especially true for bitcoin, with its limited issuance.