What is your style? Looks like transitional. Looks like the best place for the bed is the current location. I would put a bench in front of the bed, 2 rounded side tables next to the bed on both sides. Move the mirror to the wall across from the bed and for now take down the picture. There appears to be too much going on on the wall with the closet door. The room needs to be balanced. Also invest in an area rug to ground the bed.

Can you put the bed against the opposite wall? Its really cramped where it is and awkward with the windowed wall being angled.

These are great. The room is an awkward space. As the bee is really in the only place it can be.

I would definitely get a love seat/ottoman for the open space!

Agreed. I think that alcove needs to be a sitting room. Thinking I need to deal with the bed and overall layout of the room first.