Bitcoin (BTC) maintained its position around the $34,000 mark as Wall Street opened on October 27, with investors closely monitoring its performance against macroeconomic assets.

Bitcoin (BTC) maintained its position around the $34,000 mark as Wall Street opened on October 27, with investors closely monitoring its performance against macroeconomic assets.

As the weekly and monthly closing dates approached, BTC/USD exhibited stability, retaining its earlier gains without experiencing significant volatility. Several experts provided insights into the current state of the market:

1. Trader Daan Crypto Trades suggested that Bitcoin might linger within its current price range for some time. He also noted that open interest (OI) had rebounded, approaching levels last seen before a sudden surge that led Bitcoin to 17-month highs. High open interest had previously been associated with BTC price "squeezes."

2. Material Indicators, an on-chain monitoring resource, highlighted a downside signal on one of its proprietary trading tools. With two such daily signals in place, Material Indicators mentioned that only a move to $34,850 would "invalidate" the bearish implication. However, they acknowledged that this move might occur before the monthly candle closes.

3. Some analysts took a more optimistic stance, emphasizing the positive performance of Bitcoin in comparison to the S