No doubt that there were certain people with over-exaggerated hopes that the block halving would result in a price far beyond what's possible, but these people only thrive on unrealistic hopes and fantasies. If you look at how the price increased in advance of the block halving, then that already was a more than enough increase for that time period. People hoping for more are just clowns.
But with dire consequences on those that bet the farm on it making them multi mega millionaire rich in one day.
Which in reality is just a fallacy of what bitcoin can make anyone over night. Everyone knows it takes time and hard work to get from $1-$10,000 and it can not be done just over night unless you are doing something illegal (silk road) or committing a felony (stealing investor's funds a'la mt.gox).
There is not a way to get straight from point A all the way to point Z. That is not how the natural scheme of things work out when it comes to money so why would it be any different with bitcoin?
People mostly focus on happenings when it comes to price increases, and in this case it's well justified since the potential ETF approval is quite an important happening. But it's a fact that Bitcoin isn't a get rich quick tool anymore, which is exactly why people need to stop treating Bitcoin as such. From this point every price increase will be a heavy one - the higher the price goes, the lower the eventual increases will be in percentages.