A foldable bicycle includes a front fork, a head tube, a support tube, an adjusting member, two support levers, a rear fork, and a hydraulic cylinder. Thus, when the foldable bicycle is folded, the rear wheel is in parallel with the front wheel, so that the user can simultaneously draw the rear wheel and the front wheel to move easily and conveniently, thereby facilitating the user moving the folded bicycle. In addition, the foldable bicycle is folded easily and conveniently, thereby facilitating the user folding the bicycle.