A microprocessor includes a branch target address cache (BTAC), each entry thereof configured to store branch prediction information for at most N branch instructions. An execution unit executes a branch instruction previously fetched in a fetch quantum. Update logic determines whether the BTAC is already storing information for N branch instructions within the fetch quantum (N is at least two), updates the BTAC for the branch instruction if the BTAC is not already storing information for N branch instructions, determines whether a type of the branch instruction has a higher replacement priority than a type of the N branch instructions if the BTAC is already storing information for N branch instructions, and updates the BTAC for the branch instruction if the type of the branch instruction has a higher replacement priority than the type of the N branch instructions already stored in the BTAC.