Bacon can be bad for cholesterol if you eat too much of the bacon when you have high cholesterol.
But if you just eat bacon in moderation while having high cholesterol then it should not cause any issues.
I have high cholesterol levels and I sometimes eat bacon every few mornings with some eggs and my cholesterol levels have been okay.
You can eat some potatoes, Avocados, bananas and other fruits to help with lowering of cholesterol.
If you eat too much greasy foods such as bacon, fries etc then your cholesterol levels may go up or get too high.
But if you eat a few slices of bacon per day then there's should not be any problem but be sure to keep your cholesterol levels checked.