CoinDesk reported:
While these indicators are widely-tracked by trend-following traders, they are based on backward-looking studies, and have a mixed record as standalone indicators of bullish and bearish trends. BTC has seen nine golden crossovers to date, of which three, dated July 11, 2014, July 15, 2015 and Feb. 19, 2020, were invalidated within three months by death crosses and notable downtrends.