Look at the input array lined up against itself sorted, and imagine that we draw a line between position i and i+1:

Input array A:  1   8   5  |  3   2
Sorted version: 1   2   3  |  5   8
                        i    i+1

Let $M_i$ be the number of elements that appear left of this line in $A$ but right of the line in sort($A$); equivalently, this is the same as the number of elements right of the line in $A$ but left of the line in sort($A$). In some sense, $M_i$ tells the amount of "flow" that needs to cross the line in either direction in order to sort $A$.

We claim that each $M_i$ is a lower bound on the answer, and that moreover the the maximum of the $M_i$'s is the answer (or 1 pass, as a special case, if all $M_i$'s are zero due to the array already being sorted). In short, this is because each iteration of the bi-directed bubble sort "corrects" one of the $M_i$ units of imbalance for the line between positions $i$ and $i+1$ by dragging one element that needs to go from left to right and then dragging one element that needs to go from right to left. After $M_i$ iterations, the elements up to position $i$ will therefore all be no more than the elements in positions $i+1$ onward. If we run a number of iterations equal to the maximum of the $M_i$'s, the array will be correctly "partitioned" this way at every single possible location, which implies it must be sorted (if it weren't sorted, there would be some location $i$ where $A[i] > A[i+1]$, contradicting the fact that the array is correctly partitioned between positions $i$ and $i+1$).

We can compute all the $M_i$'s using a binary indexed tree. In my code below, we scan through sort($A$) and at each position $i$ we count the number of elements up to position $i$ in the original array that have not yet been seen -- this gives the value of $M_i$.

#include <iostream>
#include <algorithm>
using namespace std;

int N, B[100001];
pair<int,int> A[100001];

// Concise implementation of a binary indexed tree
void modify(int j) { for (; j<=N; j+=(j&-j)) B[j]++; }
int prefix_sum(int j) { int sum = 0; for (; j>0; j-=(j&-j)) sum += B[j]; return sum; }

int main(void)
{
  int answer = 1;
  cin >> N;
  for (int i=1; i<=N; i++) {
    int x; 
    cin >> x;
    A[i] = make_pair(x, i);
  }
  sort (A+1, A+N+1);
  for (int i=1; i<=N-1; i++) {
    modify(A[i].second);
    answer = max(answer, i - prefix_sum(i));
  }
  cout << answer << "\n";
  return 0;
}