A bicycle includes a frame having front and rear sections. The frame includes a pair of guides that are disposed in a parallel relationship and carry a portion of the load generated by a seated rider. The guides define therebetween a pedal drive path that extends parallel to the guides. A rear wheel is rotatably mounted to the frame adjacent the rear section. An elongate flexible connector forms a loop. A seat is mounted to the frame for support of a rider. A drive mechanism is connected to the frame and includes a pair of pedals that are operably attached to the rear wheel by the flexible connector for powered rotation of the rear wheel. The pedals are slidably supported and guided between the guides for motion along the pedal drive path between an extended position and a retracted position.