diff --git a/README.md b/README.md
index 73198d090..553da29a6 100644
--- a/README.md
+++ b/README.md
@@ -151,7 +151,6 @@ installations requiring long-term consistency.
 | [no-test-callback](docs/rules/no-test-callback.md)                     | Avoid using a callback in asynchronous tests                    | ![recommended][] | ![fixable][] |
 | [no-test-prefixes](docs/rules/no-test-prefixes.md)                     | Use `.only` and `.skip` over `f` and `x`                        | ![recommended][] | ![fixable][] |
 | [no-test-return-statement](docs/rules/no-test-return-statement.md)     | Disallow explicitly returning from tests                        |                  |              |
-| [no-truthy-falsy](docs/rules/no-truthy-falsy.md)                       | Disallow using `toBeTruthy()` & `toBeFalsy()`                   |                  |              |
 | [no-try-expect](docs/rules/no-try-expect.md)                           | Prefer using toThrow for exception tests                        | ![recommended][] |              |
 | [prefer-called-with](docs/rules/prefer-called-with.md)                 | Suggest using `toBeCalledWith()` OR `toHaveBeenCalledWith()`    |                  |              |
 | [prefer-expect-assertions](docs/rules/prefer-expect-assertions.md)     | Suggest using `expect.assertions()` OR `expect.hasAssertions()` |                  |              |
diff --git a/docs/rules/no-truthy-falsy.md b/docs/rules/no-truthy-falsy.md
index 06d56208c..aa23b1fc7 100644
--- a/docs/rules/no-truthy-falsy.md
+++ b/docs/rules/no-truthy-falsy.md
@@ -1,5 +1,26 @@
 # Disallow using `toBeTruthy()` & `toBeFalsy()` (`no-truthy-falsy`)
 
+## Deprecated
+
+This rule has been deprecated in favor of
+[`no-restricted-matchers`](no-restricted-matchers.md) with the following config:
+
+```json
+{
+  "rules": {
+    "jest/no-restricted-matchers": [
+      "error",
+      {
+        "toBeTruthy": "Avoid `toBeTruthy`",
+        "toBeFalsy": "Avoid `toBeFalsy`"
+      }
+    ]
+  }
+}
+```
+
+---
+
 Tests against boolean values should assert true or false. Asserting `toBeTruthy`
 or `toBeFalsy` matches non-boolean values as well and encourages weaker tests.
 
diff --git a/src/rules/no-truthy-falsy.ts b/src/rules/no-truthy-falsy.ts
index a3cc2d5b9..dfdd4998b 100644
--- a/src/rules/no-truthy-falsy.ts
+++ b/src/rules/no-truthy-falsy.ts
@@ -9,6 +9,8 @@ export default createRule({
       description: 'Disallow using `toBeTruthy()` & `toBeFalsy()`',
       recommended: false,
     },
+    deprecated: true,
+    replacedBy: ['no-restricted-matchers'],
     messages: {
       avoidMatcher: 'Avoid {{ matcherName }}',
     },