Nothing to do with that I'm afraid! It's all about gravitational pull on the bullet's flight path which is at a maximum when the bullet is fired parallel with the plane of the horizon. Think of a big long bendy stick! If you hold it straight out horizontally it will be pulled down at the end, much like the path of a fired bullet. If you gradually rotate the bendy stick either upwards or downwards, it will bend gradually less as it approaches the vertical position where it will eventually straighten. That's what is happening to your bullet effectively. Gravity effects lessen on bullet flight path with steepness of angle in either direction. The bullet will therefore go high in either direction, uphill or down. Hope that helps to explain it in simple terms!

MS