Although I don't believe that will be the case, and althought we all know that development of BTC price is all but predictable and linear, so there is no chance for this to happen, I would like to ask, hypothetically, what is your opinion on this (im)possible scenario:
So, at the month of halving, the price would be around 13700 $.
After that, another speed-up, and on 1. January 2021 the price could be e.g. 25-30k $.
I believe this would be very healthy, it would give enough time for BTC ecosystem to develop further, give sense of stability to institutional investors etc... without euphoria...
that's what the lead-up to bubbles is like. personally i'd be thrilled for bitcoin to grow like this---who wouldn't be? it would be outperforming real estate and stocks by a mile and holding coins wouldn't present much risk because no euphoria/no bubble.
but like you said, it's a moot question. once the market sees these steady gains, supply will dry up and demand will surge, causing another bubble. it's the nature of markets.