The effective theory for bilayer graphene (BLG), subject to parallel/in-plane magnetic fields, is derived. With a sizable magnetic field the trigonal warping becomes irrelevant, and one ends up with two Dirac points in the vicinity of each valley in the low-energy limit, similar to the twisted BLG. Combining twisting and parallel field thus gives rise to a Dirac system with tunable Fermi velocity and cutoff. If the interactions are sufficiently strong, several fully gapped states can be realized in these systems, in addition to the ones in a pristine setup. Transformations of the order parameters under various symmetry operations are analyzed. The quantum critical behavior of various phase transitions driven by the twisting and the magnetic field is reported. The effects of an additional perpendicular fields, and possible ways to realize the new massive phases is highlighted. [4,5], the Dirac points of monolayer graphene are remarkably stable due to a large quasi-particle Fermi velocity (v F ∼ 10 6 m/s); thus far, ordered phases have only been realized in the presence of (perpendicular) magnetic fields [6]. In this regard, bilayer BLG appears to be propitious, and has already exhibited phenomena strongly suggestive of spontaneous symmetry breaking [7][8][9][10][11], possibly realizing a subset of all the possible ordered states available for the fermion to condense into [12]. But the role of the mesoscopic environment, such as gate configuration, substrate etc., on the nature of the ordered states still lacks a clear understanding [13]. As a result, realization of several interesting ordered states and tuning this system across (quantum) phase transitions are still among future prospects. We here propose that BLG, when immersed in parallel magnetic fields and twisted [14], yields a unique opportunity to explore some of these interesting possibilities. Pristine BLG is well described by a two-band model, with quadratic touching of the valence and the conduction bands. Subject to in-plane magnetic fields, each parabolic band touching (PBT) in BLG splits into two Dirac cones [15]. A similar scenario also arises when BLG is twisted, if the twisting is commensurate [16,17]. However, such twofold splitting competes with the trigonal warping (TW) [18], which, on the other hand, breaks each PBT into four Dirac cones [19][20][21]. We here show that when a sufficiently strong in-plane field is applied, one ends up with only two Dirac cones; this happens within accessible magnetic field strength when the field is applied along certain optimal directions (see Fig. 1). More importantly, the field/twisting controls the Fermi velocity of the resultant Dirac points, and thus the (effective) interaction strength; this allows us to tune the system across various transitions between the weak-coupling phase (where interactions are irrelevant[2]) to various ordered phases. Moreover, these setups admit additional fully gapped phases that do not have any analogy in either single-layer graphene or pristine BLG. When a perpendicular mag...