Bitcoin’s price is forming a bullish wedge pattern while lingering near its 2021 all-time highs, with hopeful traders eyeing a price target of $85,000 next. “Bitcoin has formed a massive descending broadening wedge, right around the previous cycle highs,” pseudonymous crypto trader Jelle wrote in a July 26 X post, which is typically seen as a reversal pattern where Bitcoin’s (BTC) price forms a sequence of lower highs and lower lows, with the gap widening as it falls, with the expectation of a upward trend reversal. “Price looks eager for a breakout — and once it does, I expect the move to be…