A bicycle handlebar assembly including a stem extension and a handlebar cross member, a pair of steering bars affixed perpendicular to the handlebar cross member, and a pair of forearm supports affixed to the handlebar cross member in proximity with the steering bars. The gear shifting and brake controls are placed at the forward ends of the two steering bars. An embodiment of the invention would allow this handlebar assembly to be raised or lowered as the rider desires, to provide raised comfort position and a lowered aerodynamic position. The forearm supports and steering bars provide comfort and control to the rider not provided by typical handlebars. Alternatively the pair of steering bars could be replaced with a single closed steering bar circuit.