I think a DCA folk should focus on accumulating bitcoin regularly rather than focusing too much on the price so that he doesn't get hit by the investment-destroying tendency called FOMO. An investor can reach his desired point by holding bitcoins and running for a few cycles regularly. I've noticed in bull markets that people aren't showing much inclination to sell. Through investment advice with experienced Bitcoin investors around me, I understand that most target holdings above $100k.
That's a good tip though everyone has a point and a reason why we're DCAing. And one way to monitor or at least get more encouragement is through checking the price regularly.
When it is not advisable to check the prices regularly is if we are at the bear market when you're just mostly on hold position and don't accumulate, so it pretty much don't have difference at all.
This is strange, and is the first time that I have heard that the bear isn't good to accumulate more bitcoin, instead of using the opportunity to accumulate bitcoin in discount, that you should stop accumulating but hodli. Don't you have the believe in bitcoin that the price will bounce back or a you investing due to FOMO and not because you plan to increase and build your bitcoin stash overtime for the future.
There should be no time for a new investor to stop buying bitcoin, and that is why DCA method is there for consistent and persistent buying with part of your discretionary income that will not put pressure on your finance, so that you can keep your DCA ongoing every week for 4-10 and above. If you are only buying bitcoin when the price is high and you don't buy in a dip, you'll get little quantity of bitcoin overtime compared to someone that is buying regularly both in the dip and when the price is high overtime.
Moreover, DCA approach does not select when to buy or not, but just keep on buying irrespective of the price of bitcoin at that moment. As I am talking to you my DCA is ongoing, even if the price of bitcoin skyrocket or dip, I will continue buying every week because I have a goal to reach my bitcoin target.