When buying through DCA, you do that at different price of level, both price increase and price decrease. No price of BTC is too high for investors who are buying through DCA. When you say that now price is over $40k and it's too high and you will wait for price to drop, do you know how long it will take for this happen or if it will drop to your range of expectation? Those who are waiting for the price of Bitcoin to drop below $40k are still waiting and no one knows how long they will keep waiting. It might take them forever or it might not, who knows? In summary no price is too high for DCA method, you just keep buying at different prices.
When you use DCA method to buy bitcoin, no price will indeed be too big for you because that’s the reason behind the DCAing. For many times if you’ve started DCAing for long, let’s say maybe when the price was less than $20K and you’ve been consistent with it maybe weekly, monthly or every quarter year, you would have gathered a lot of bitcoin that when you still buy at the current price, the average price it would have been that you bought each of the bitcoin will still be less than $30K. With this, you would have accumulated more bitcoin than the person that is still waiting for the price to drop to $40K to buy the dip. If the price dips or doesn’t dips, you would have reached your target or still look to buy more to lower the average price of each bitcoin in your portfolio more.
If anyone has been in this space for a very long time, they should by now know the relevance of DCAing over other methods that you can use to accumulate bitcoin. You don’t need to fear or panic using this strategy to accumulate bitcoin, just be focus on what you want. The market is very volatile and no one can tell the direction of the market. The market dippings but no one can tell when it will, just a news can cause that which no one knows when such news will break into the market. When a market dips while accumulating using DCA, it is still a good time to buy more if you can because such opportunities come unaware and can help you increase your savings more two times better than the times you do buy using the DCA approach. DCA still remains the best approach to accumulating bitcoin as it works for all kinds of people.