> [...] imagine that while you are loading 16 or 32 bytes from instruction cache, you need to predict the address of next loaded chunk in the same cycle, before you even see what you got from cache.

Yeah, you [ideally] want to predict the existence of taken branches or jumps in a cache line! Otherwise you have cycles where you're inserting bubbles into the pipeline (if you aren't correctly predicting that the next-fetched line is just the next sequential one ..)