A bicycle lock including a lock body having a locked state and an unlocked state. A movable shackle is operatively coupled to the lock body, wherein the lock body in the locked state prevents movement of the movable shackle, and wherein the lock body in the unlocked state enables movement of the movable shackle. A pawl is mounted to one of the lock body and the movable shackle. A rack is configured to engage the pawl, and wherein the unlocked state of the lock body enables at least one of bidirectional movement of the pawl and rotational movement of the rack away from engagement with the pawl.