Bitcoin (BTC) is in limbo as a new Middle East conflict erupts, with traders warning of new lows. The focus is on Iran tensions, as analysis dismisses the idea of "World War Three" and suggests inflation risks could influence the US to keep the Iran offensive as short as possible. Meanwhile, Bitcoin institutional inflows are hinting at a major turnaround after months of decline. Independent analyst Filbfilb is calling for a further 50% BTC price dive, suggesting that a weekly close below the yellow band has resulted in a c40-50% correction. However, traders have warned of repeat bearish price action due to ongoing downtrend. The Iranian conflict sparked 7% WTI crude oil price rises on Monday, while Asian stock markets traded lower as tensions worsened worldwide.