Yes, you are right. Bitcoin accumulation have become a fun topic for investors, but what we need to remember is that it may or may not fall in price, but what we should focus on is to continue accumulation. There is no doubt that Bitcoin is a store of value. Since the US election earlier this year, several ATH have been crossed or broken the price record, which indicates a positive trend in our future price. After crossing 100k during the US election, the selling price dropped to around 80k and then started to rise again. We need to be ready for every stage of Bitcoin price whether it is an upward or downward price trend. Therefore, regardless of the price we should accumulation continuously through discretionary income.
It is only traders or those that lacks knowledge about Bitcoin and it potential that will not take notice that Bitcoin is on the rise, that's why buying and accumulating Bitcoin now that it's very cheap is the ideal way to go about your Bitcoin investment plan, some Investors might think that $118k is too expensive, but that was how it seems like when it was just $100k, now $100k looks like a big bargain, so buying now regardless of it current price is the best decision an investor will ever make because in like 10 to 20 years time from now, getting Bitcoin at $500k might looks like a big steal if care is not taken, so it's best to act now that it's still pretty cheap.
You are right that Bitcoin is still very cheap. The argument for this is that just a few months ago when it was worth $50k or $60k, some investors were expecting a lower price and thought it was expensive to buy at that price. Look at the price of Bitcoin now jumping to cross $120k. Even now, they will comment on the price of Bitcoin in the same way that it will decrease further or they will regret that it was very logical for them to buy at that time. The reality is that your satisfaction in the investment market can be greatly expanded by following the DCA method regularly. If you invest Bitcoin regularly through prudent income, you will not have any regrets about investing. Your plan should be set to continue saving until you are able to earn (until retirement). Maybe you can get two or three or more cycles at that time an if the price of Bitcoin is $500k to $1000K then it will also surprising ! So you should continue accumulate Bitcoin for long-term investment. Currently the price of Bitcoin is still within your reach meaning it is relatively very cheap.