price-based strategy. That won't work if you truly want to HODL. You should have a time-based strategy.
Well despite having long-term perspectives in mind while buying Bitcoin, we must still put in mind that our entry price matters a lot because the buy price is what determines the level and time of profits, this is so because those that bought their first Bitcoin at all-time high price above $55,000-60k+ are going to wait longer before the records profits compared to those that bought bitcoin at a discounted price below $16,000-20k if bitcoin make any all-time high above the last ATH.
So these are the determinant factors that we must consider while holding Bitcoin or trying to accumulate Bitcoin at whatever point,
just as JayJuanGee rightly said in his previous comments, buying all the way up is better than buying at an all-time high price.
I am pretty sure that I framed the topic a wee bit differently.
So if you buy at the all time high and you continue to buy, then you will likely be continuing to bring down your average cost per BTC, which will likely put you into a better position than if you were to buy at the ATH and then just sit on such purchase and wait for the BTC price to go back above it...
So a lot of people who bought at or near the all time high in the $60ks may well be close to either getting back into profits or already back in profits; however, of course, if they heavily front-loaded their investment at those higher prices, then it might take a bit longer before their BTC starts to get back into profits (assuming that they kept buying BTC in the last year and a half or even in the last 2 and a half years.