**Introduction**

One of the simplest ways to organize data collectively in computer programming is through sorting algorithms. Sorting plays a pivotal role in data structure techniques. This article covers one such popular algorithm – the Bubble Sort, particularly its implementation in ‘C.’ We dive into its detailed understanding, complexities and code formation.

**Understanding Bubble Sort: A Brief Overview**

Bubble Sort, a comparison-based algorithm, is a straightforward sorting technique used to sort arrays either in ascending or descending order. Named because of its characteristic of moving the smallest or largest elements to the top, just as bubbles rise to the surface of the water, it’s commonly used in computer science education due to its simplicity.

**Working Mechanism of Bubble Sort**

Bubble Sort executes by repeatedly swapping the adjacent elements if they are in an incorrect order. Iteratively, it compares adjacent items and exchanges them if necessary until it has passed through the list without needing to make any more swaps, indicating that the list is sorted.

**Complexities Involved in Bubble Sort**

It’s essential to acknowledge the time complexity in Bubble Sort, considered O(n^2) in both average and worst-case scenarios. While this makes it inefficient on large lists compared to other sorts like quicksort, heapsort, or merge sort, its simple implementation can be practical in certain situations.

**Analyzing the Bubble Sort Algorithm**

Below is a high-level overview of the Bubble Sort algorithm:

**Step 1:**Compare the first and the second elements. If the first element is larger than the second, Swap them.**Step 2:**Move to the next pair of elements, compare their values and swap them if necessary.**Step 3:**Continue this process until the last pair of items in the array.**Step 4:**Repeat these steps for each element of the list.

This way, after each pass, the largest element moves or ‘bubbles’ up to its correct place.

**Bubble Sort Implementation in C**

Now that we understand the theory behind Bubble Sort, let’s delve into its application. Here is a standard, detailed implementation of Bubble Sort in C:

```
#include <stdio.h>
void swap(int *xp, int *yp) {
int temp = *xp;
*xp = *yp;
*yp = temp;
}
void bubbleSort(int arr[], int n) {
int i, j;
for (i = 0; i < n-1; i++) {
for (j = 0; j < n-i-1; j++) {
if (arr[j] > arr[j+1])
swap(&arr[j], &arr[j+1]);
}
}
}
void printArray(int arr[], int size) {
int i;
for (i=0; i < size; i++) {
printf("%d ", arr[i]);
}
printf("n");
}
int main() {
int arr[] = {64, 34, 25, 12, 22, 11, 90};
int n = sizeof(arr)/sizeof(arr[0]);
bubbleSort(arr, n);
printf("Sorted array: n");
printArray(arr, n);
return 0;
}
```

This code signifies a quintessential Bubble Sort algorithm where we initiate a swap function and apply it repeatedly while iterating through our ‘arr’ array.

**Optimization in Bubble Sort**

Although Bubble Sort is not generally used for most large datasets due to its high time complexity, optimizations can slightly improve its performance. We can make our Bubble Sort algorithm adaptive or "smart" by adding a flag to monitor if any swap occurred in the inner loop. If no swaps occurred, it indicates the list is already sorted, and there’s no need for further passes.

**Conclusion**

While Bubble Sort might be one of the simplest sorting algorithms to understand and implement, its time complexity makes it less optimal for larger lists. However, it is perfectly suited to smaller lists or almost sorted lists, especially where complex algorithms may become overkill, making unnecessary operations. It’s an excellent introduction to the world of sorting for those absorbed in learning the fundamentals of algorithms and C programming.