Turning AK into bluff

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Turning AK into bluff

Blinds: $0.05/$0.10 (6 Players) BN: $11.25
SB: $15.75
BB: $18.08 (Hero)
UTG: $39.62
MP: $15.00
CO: $16.45
Preflop ($0.15) Hero is BB with A K
UTG raises to $0.30, 4 folds, Hero raises to $1.00, UTG calls $0.70
Flop ($2.05) 9 3 9
Hero bets $1.30, UTG raises to $2.98, Hero raises to $5.50, UTG raises to $38.62 and is all in, Hero folds
Obviously I should have raised like $4+ or do you think an all in is reasonable.
Final Pot UTG wins $12.46
Rake is $0.59

His range is something like 99's TT's or JJ's imo.

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