A bicycle telescopic apparatus includes a first tube, a second tube, an actuating member, and a hydraulic positioning structure. The first tube defines an axial direction. The second tube is telescopically received in the first tube in the axial direction. The actuating member is movable relative to the first tube in the axial direction of the first tube. The actuating member is configured to move the second tube relative to the first tube in the axial direction. The hydraulic positioning structure is configured to position the first tube and the second tube relative to each other in the axial direction.