Bitcoin Cash ABC emerged from one of the most turbulent chapters in cryptocurrency history—a saga defined by ideological splits, technical debates, and market uncertainty. Originally born from a hard fork of Bitcoin in August 2017, Bitcoin Cash was created to address scalability issues by increasing block size. But the story didn’t end there. In November 2018, another contentious hard fork split Bitcoin Cash itself into two competing chains: Bitcoin Cash ABC (Adjustable Blocksize Cap) and Bitcoin Cash SV (Satoshi Vision).
Today, Bitcoin Cash ABC is widely recognized as the continuation of the original Bitcoin Cash project, maintaining the ticker symbol BCH on major platforms like CoinMarketCap. Meanwhile, Bitcoin Cash SV trades under BSV, representing an alternative vision for the blockchain’s future. This article explores the evolution, technical outlook, and ongoing relevance of Bitcoin Cash ABC in today’s digital asset landscape.
👉 Discover how blockchain forks shape the future of digital currencies
The Origins of Bitcoin Cash and Its Second Split
The first major divergence in the Bitcoin network stemmed from a long-standing debate over block size limits. As transaction volumes grew, the 1MB limit imposed on Bitcoin blocks led to congestion and high fees. A faction within the community advocated for larger blocks to improve throughput and reduce costs—ultimately leading to the creation of Bitcoin Cash (BCH) in August 2017.
Holders of BTC at the time received an equal amount of BCH, effectively creating instant value—a phenomenon often referred to as “free money” during forks.
However, consensus remained elusive even after this split. By late 2018, tensions flared again between developers over proposed protocol upgrades. The central conflict revolved around smart contract functionality and consensus rules:
- Bitcoin Cash ABC, led by Andrew Chain (formerly of Bitmain), supported upgrades aimed at enabling more complex transactions and improving network adaptability.
- Bitcoin Cash SV, championed by Craig Wright and Calvin Ayre, pushed for a return to what they claimed was the original Satoshi Nakamoto blueprint—emphasizing massive block sizes and data storage capabilities.
The result? A second hard fork on November 15, 2018, which permanently divided the chain into two distinct cryptocurrencies: BCHABC and BSV.
Understanding Market Recognition: Why BCH Stands for Bitcoin Cash ABC
Despite both chains emerging from the same parent coin, market sentiment and exchange listings quickly favored Bitcoin Cash ABC as the legitimate successor. Major exchanges such as Binance, Coinbase, and Kraken adopted BCH as the ticker for Bitcoin Cash ABC, while assigning BSV to Bitcoin Cash SV.
This recognition solidified BCH’s position in terms of liquidity, trading volume, and community support. As of early 2025, BCH consistently ranks among the top 10–15 cryptocurrencies by market capitalization, demonstrating enduring relevance despite years of bearish pressure.
Technical Analysis: Can Bitcoin Cash Reclaim Momentum?
At the time of writing, Bitcoin Cash ABC trades around $122**, with a market cap exceeding **$2.15 billion. While these figures reflect substantial adoption, the price action since the 2018 fork has been largely uninspiring.
Key Support and Resistance Levels
- Daily & Weekly Support: $73
This level marks a critical floor. A breakdown below $73 could trigger further selling pressure and open the door to new all-time lows. - Daily Resistance: $230 and the 100-day EMA (exponential moving average)
Breaking above this zone would signal renewed bullish interest, especially if accompanied by strong volume. - Weekly Resistance: $400–$425
This range represents a major psychological and technical barrier. Reclaiming it would require sustained momentum and broader market tailwinds.
Market Sentiment and Price Action
Since its post-fork low of $81, Bitcoin Cash ABC has failed to generate meaningful upward movement. The charts—both daily and weekly—reflect a sideways drift within a dominant downtrend. There are no clear bullish indicators, and while price briefly moved outside a bearish trend line, it lacked conviction.
Volume remains subdued, suggesting a lack of investor enthusiasm. Without significant catalysts—such as protocol innovations, increased merchant adoption, or favorable regulatory developments—the most likely scenario remains a continuation of the downtrend, potentially leading to new lows over the next 3 to 6 months.
That said, given the flat price action, breakout potential exists in either direction. Traders should remain cautious and monitor key levels closely.
👉 Learn how technical analysis can help you navigate volatile crypto markets
Core Keywords in Context
Throughout this discussion, several core keywords naturally emerge due to their centrality to Bitcoin Cash ABC's identity and performance:
- Bitcoin Cash ABC
- BCH
- hard fork
- cryptocurrency
- blockchain
- technical analysis
- market cap
- price prediction
These terms not only define the subject matter but also align with common search queries from users seeking insights into BCH’s past, present, and future.
Frequently Asked Questions (FAQ)
Q: What is Bitcoin Cash ABC?
A: Bitcoin Cash ABC (Adjustable Blocksize Cap) is a cryptocurrency that resulted from the November 2018 hard fork of Bitcoin Cash. It introduced protocol changes focused on network flexibility and scalability, distinguishing it from Bitcoin Cash SV.
Q: Is BCH the same as Bitcoin Cash ABC?
A: Yes. On most major exchanges and data platforms like CoinMarketCap, BCH refers to Bitcoin Cash ABC—the version widely accepted as the continuation of the original Bitcoin Cash chain.
Q: What caused the split between BCH and BSV?
A: The split arose from disagreements over development direction. BCHABC favored iterative improvements and smart contract features, while BSV aimed to restore what its proponents believed was Satoshi Nakamoto’s original vision with large blocks and minimal changes.
Q: Can Bitcoin Cash ABC recover its value?
A: Recovery depends on multiple factors including market conditions, adoption rates, technological upgrades, and overall crypto sentiment. While current trends are bearish, a breakout above $230 could signal a reversal.
Q: Where can I buy BCH safely?
A: BCH is available on major regulated exchanges such as OKX, Binance, Coinbase, and Kraken. Always ensure you're using secure practices like two-factor authentication and cold storage for long-term holdings.
Q: What is the significance of the $73 support level?
A: $73 is a critical technical support level observed on both daily and weekly charts. A sustained drop below this point could lead to increased selling pressure and deeper declines.
Final Outlook: Navigating Uncertainty
Bitcoin Cash ABC stands as a testament to the decentralized nature of blockchain governance—where disagreement doesn’t lead to resolution but rather divergence. While it retains recognition as the primary Bitcoin Cash lineage, its price performance since 2018 reflects broader challenges facing mid-tier cryptocurrencies: fading hype, competition from newer protocols, and limited utility beyond speculation.
For investors and traders alike, BCH presents a high-risk, high-potential opportunity. The path forward will depend heavily on innovation within the ecosystem, real-world use cases, and macroeconomic forces shaping the entire crypto market.