Bitfinex: Market uncertainty continues for Bitcoin & crypto

Global crypto exchange Bitfinex outlined in its weekly analysis report, Bitfinex Alpha, that there is still uncertainty in the Bitcoin (BTC) and cryptocurrency markets. According to CryptoSlate, the report suggests that Bitcoin rebounded on October 4 due to the publication of positive U.S. non-farm payroll data. However, the spot Bitcoin cumulative delta volume (CVD) indicator is still weak, meaning that the spot market is lacking aggressive buying. The report claims that the outlook for Bitcoin and the cryptocurrency markets more broadly remains uncertain and will vary depending on various factors. The upcoming U.S. Consumer Price Index (CPI) announcement for September and geopolitical tensions are expected to play an important role in shaping the direction of the Bitcoin price.