The invention discloses a pixel circuit, a driving method thereof and a display panel. The pixel circuit comprises a first transistor, a second transistor, a third transistor, a fourth transistor, a driving transistor, a first capacitor and an organic light-emitting element, the control end of the first transistor is electrically connected with the scanning signal input end of the pixel circuit; the first pole of the first capacitor is electrically connected with the control signal input end of the pixel circuit, and the second pole of the first capacitor is electrically connected with the control end of the driving transistor; the control end of the second transistor is electrically connected with the scanning signal input end; the control end of the third transistor is electrically connected with the light-emitting control signal input end of the pixel circuit; the first end of the fourth transistor is electrically connected with the second end of the driving transistor, the second end of the fourth transistor is electrically connected with the anode of the light-emitting element, the pixel circuit can reduce the number of transistors and the number of signal lines, then the areaof the pixel circuit is reduced, wiring is facilitated, and the pixel density is improved.