Bitcoin (BTC) reached $34,000 at the Wall Street open on October 27, grabbing attention for its performance against macro assets. The cryptocurrency held steady, preserving its early-week gains as the weekly and monthly closes approached. Analysts predict that Bitcoin will remain within a range of $33,000 to $35,000 for a while, with potential opportunities for quick trades. Despite a recent downside signal and the potential for resistance, there are still plenty of optimistic perspectives suggesting that Bitcoin has the potential to reach $40,000. Meanwhile, former FTX CEO Sam Bankman-Fried denied fraud allegations and stated that he knew very little about digital assets when launching Alameda Research. He denied taking funds from FTX customers and claimed that FTX declared bankruptcy, causing harm to many people. The trial is set to conclude soon, with Bankman-Fried scheduled to face five more criminal counts in a future trial.