Cycling as a mode of transport is on an upward trend as a low-emission alternative to driving in urbanized areas nowadays. With the increasing number of cyclists, it is of great importance to assess the capacity of cycling infrastructure in practice. Simulation models are useful tools to investigate bicycle flow performance considering cyclists’ distinct moving behaviors. However, existing bicycle simulation models are restricted by either space discretization, lane-based setup, adaptation from models for car traffic, or complicated calibration requirement in a force-based environment. In addition, cyclists’ decision-making ability in the operational-level cycling behavior are not well-captured in these models. This paper proposes a comprehensible microscopic bicycle simulation model which includes a detailed decision-making process and the ability to simulate continuous-space lateral movement. The model consists of three levels, maneuver decision, movement planning, and physical acceleration. It is able to simulate bicycle flow dynamics in undersaturated traffic conditions on an exclusive bike path. As we do not intend to show the empirical validity of the proposed model, the simulation experiment aims at verifying the model and exploring bicycle flow performance in various scenarios by estimating the fundamental diagrams (FDs). The effect of different path widths on bicycle flow capacity is first explored. Other behavioral factors, including desired speed heterogeneity, overtaking incentive, and safety region size perceived by cyclists, which can potentially influence the shape of the FD are also tested. The model can be further extended to simulate relatively complex cycling behavior with cooperative and anticipative strategies and investigate bicycle flow characteristics in congested traffic conditions.