Interestingly enough, the chart looks about the same as it does in linear scale, except that the long-term is lined up against different points, the first being the lowest point on data.
However, I would be cautious using log scale since I don't think the price is going to rise exponentially forever. As for the , however, this is the last long term log before we truly drop into uncharted territory according to the data we have available for this chart (excluding old Mt. Gox data). The fact that the $250 level is crucial on both the log scale and linear scale, so either way, we are approaching an important point in bitcoin's history.