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Bitcoin price soars to 99,500 USD after MAJOR ETF outflows

The recent Bitcoin price rally is impressive, showing buying strength on Coinbase and overcoming recent lows. Significant ETF outflows, totaling nearly 300 million USD, particularly affected the market sentiment surrounding BTC.

The 50-day simple moving average is proving to be strong support for Bitcoin, indicating a potential bullish trend. The relative strength index is currently at 52, suggesting conditions are favorable for further price increases.

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